Unemployment Rate in Rhode Island
Annual, Not Seasonally Adjusted
LAUST440000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-58.25%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides valuable insights into long-term labor market trends and is closely monitored by economists and 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
The annual, not seasonally adjusted unemployment rate represents the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period. This long-term indicator helps analyze broader labor market conditions and can inform economic policies.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a key metric used by the Federal Reserve and other institutions to evaluate the health of the U.S. economy.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- In 2022, the annual unemployment rate was 3.6%, near a 50-year low.
- Historically, the annual unemployment rate has ranged from around 3% to 10% in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, representing the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate provides valuable insights into long-term labor market trends, which is crucial information for economists, policymakers, and anyone analyzing the health of the U.S. economy.
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 unemployment rate is a key metric used by the Federal Reserve and other institutions to evaluate the health of the U.S. economy and inform economic policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published monthly with a relatively short delay, making it a timely indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST440000000000003A), retrieved from FRED.