Unemployed Persons in Oregon
Annual, Not Seasonally Adjusted
LAUST410000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91,820.00
Year-over-Year Change
-46.25%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total unemployment rate in the United States. This key economic indicator is crucial for policymakers and analysts to understand labor market dynamics and economic 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
This series tracks the annual, unadjusted unemployment rate in the U.S. It provides a high-level overview of the total percentage of the civilian labor force that is jobless but actively seeking employment. Economists use this data to assess long-term labor market trends.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a vital metric for the Federal Reserve and other policymakers in guiding economic and monetary policies.
Key Facts
- The U.S. unemployment rate averaged 5.7% in 2021.
- Unemployment reached a peak of 14.7% in April 2020 due to the COVID-19 pandemic.
- The labor force participation rate was 61.7% in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total unemployment rate in the United States, which represents the percentage of the civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health of the labor market and the broader economy. It is closely monitored by policymakers, economists, and market participants to assess economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a vital metric for the Federal Reserve and other policymakers in guiding economic and monetary policies, as it provides insights into the overall strength of the labor market and the broader economy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is typically published with a delay of several months, as it requires the compilation of monthly survey data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST410000000000004A), retrieved from FRED.