Civilian Labor Force in Rhode Island
Annual, Not Seasonally Adjusted
LAUST440000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
590,678.00
Year-over-Year Change
4.57%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the total number of unemployed individuals in the United States over a 12-month period. This metric is crucial for economists and policymakers to assess the overall health of the labor market.
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 data series represents the total number of individuals who are actively seeking employment but unable to find work, without adjusting for seasonal employment fluctuations. It provides a comprehensive view of the labor force and is a key indicator of economic conditions.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This unemployment trend is widely used by economists, policymakers, and market analysts to inform economic and employment-related decisions.
Key Facts
- The series dates back to 1948.
- The highest annual unemployment rate was 9.7% in 2010.
- The lowest annual unemployment rate was 3.5% in 1969.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of unemployed individuals in the United States over a 12-month period, without adjusting for seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: This unemployment data is a crucial indicator of the overall health of the labor market and the broader economy, and is widely used by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This unemployment data is used by policymakers, central banks, and other institutions to inform economic and employment-related decisions and policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a slight delay, and may be subject to revisions as more information becomes available.
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Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Rhode Island
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST440000000000006A), retrieved from FRED.