Employed Persons in Rhode Island
Annual, Not Seasonally Adjusted
LAUST440000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
565,041.00
Year-over-Year Change
11.51%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic indicator tracks the annual, not seasonally adjusted unemployment rate in the United States. It provides important insight into long-term employment trends.
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 measures the percentage of the civilian labor force that is jobless but actively seeking employment. This fundamental indicator helps economists and policymakers understand labor market dynamics and evaluate the health of the broader economy.
Methodology
The U.S. Bureau of Labor Statistics collects this data through household surveys.
Historical Context
The annual unemployment rate is a key input for monetary and fiscal policy decisions.
Key Facts
- The annual unemployment rate averaged 5.3% in 2021.
- Unemployment rates tend to be higher during economic recessions.
- The annual rate provides a longer-term perspective compared to monthly data.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the annual, not seasonally adjusted 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 annual unemployment rate is a key indicator of labor market health and helps economists and policymakers understand long-term employment trends and evaluate the overall strength of the economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through household surveys.
Q: How is this trend used in economic policy?
A: The annual unemployment rate is a crucial input for monetary and fiscal policy decisions, as policymakers monitor employment conditions to guide their policy actions.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is published with a relatively short delay, but may not capture short-term fluctuations due to its non-seasonally adjusted nature.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST440000000000005A), retrieved from FRED.