Unemployed Persons in Ohio
Annual, Not Seasonally Adjusted
LAUST390000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
252,536.00
Year-over-Year Change
-40.20%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment rate in the United States. It provides critical insight into long-term labor market conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The annual, not seasonally adjusted employment rate tracks the percentage of the working-age population that is employed in the U.S. over a 12-month period. This broad labor market indicator is closely watched by economists and policymakers to assess the overall health and direction of the economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The annual employment rate is a key input for economic forecasting and policy decisions.
Key Facts
- The annual employment rate reached a high of 63.4% in 2000.
- Employment declined during the Great Recession, falling to 58.5% in 2010.
- The rate has gradually recovered, reaching 60.1% as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment rate in the United States, representing the percentage of the working-age population that is employed over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual employment rate is a key indicator of the overall health and direction of the U.S. labor market, providing important context for economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual employment rate is a critical input for economic forecasting and policy decisions made by government, central banks, and other institutions.
Q: Are there update delays or limitations?
A: The annual employment rate data is published with a delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST390000000000004A), retrieved from FRED.