Unemployment Rate in South Carolina
Annual, Not Seasonally Adjusted
LAUST450000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
-54.44%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the annual unemployment rate in the United States. This key economic indicator is closely tracked by policymakers and analysts to assess the 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 annual unemployment rate series provides a high-level view of the U.S. employment situation over a 12-month period, without adjusting for seasonal factors like holidays or weather. It offers a broad perspective on long-term workforce trends that is valuable for economic analysis and forecasting.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers at the Federal Reserve and other institutions use this unemployment rate data to inform decisions on monetary policy and economic interventions.
Key Facts
- The annual unemployment rate averaged 5.3% in 2021.
- The rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The data series dates back to 1948.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the overall unemployment rate in the United States over a 12-month period, without adjustments for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This long-term unemployment data provides important context for understanding the health of the U.S. labor market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions use this unemployment rate data to inform decisions on monetary policy and economic interventions.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is published with a short delay, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST450000000000003A), retrieved from FRED.