Employed Persons in South Carolina
Annual, Not Seasonally Adjusted
LAUST450000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,430,453.00
Year-over-Year Change
22.71%
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 important insights into long-term labor market trends and supports policymakers in evaluating the health of the economy.
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 tracks the percentage of the total labor force that is jobless and actively seeking employment over a 12-month period. This broad indicator is used by economists and policymakers to assess the overall strength of the U.S. labor market and broader economic conditions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The annual, not seasonally adjusted unemployment rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Key Facts
- The U.S. annual unemployment rate averaged 5.4% from 2010-2019.
- Unemployment peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The unemployment rate varies significantly by demographic group and geographic region.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted unemployment rate tracks the percentage of the total U.S. labor force that is jobless and actively seeking work over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This broad labor market indicator provides important insights into the overall strength of the economy and is a key input for policymakers when making decisions about monetary and fiscal policy.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual, not seasonally adjusted unemployment rate is closely monitored by the Federal Reserve and Congress as they evaluate the health of the labor market and broader economy when making policy decisions.
Q: Are there update delays or limitations?
A: The annual unemployment data is published with a one-month lag, and the not seasonally adjusted nature of the series can make month-to-month comparisons more challenging.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST450000000000005A), retrieved from FRED.