Employed Persons in Ohio
Annual, Not Seasonally Adjusted
LAUST390000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,646,076.00
Year-over-Year Change
6.62%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the total unemployment rate in the United States. This key indicator provides insight into the overall health of the labor market and is closely monitored by policymakers.
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
This annual, non-seasonally adjusted unemployment rate represents the percentage of the total civilian labor force that is jobless. The data is a crucial metric for economists and analysts to assess long-term employment trends and evaluate the effectiveness of economic policies.
Methodology
The Bureau of Labor Statistics collects this data through household surveys to determine the total number of unemployed persons.
Historical Context
Policymakers and market participants closely track this unemployment rate to gauge labor market conditions and inform economic decision-making.
Key Facts
- The current annual unemployment rate is XX.X%.
- This metric has fluctuated between X% and X% over the past decade.
- Reducing unemployment is a key policy goal for the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total unemployment rate in the United States, representing the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator provides crucial insight into the overall health of the economy and is closely monitored by policymakers, economists, and market participants to inform economic decision-making.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects this data through household surveys to determine the total number of unemployed persons.
Q: How is this trend used in economic policy?
A: Policymakers, including the Federal Reserve, closely track this unemployment rate to assess labor market conditions and inform monetary and fiscal policy decisions aimed at promoting full employment.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted unemployment rate is published with a delay of several months, and may be subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST390000000000005A), retrieved from FRED.