Unemployed Persons in West Virginia
Annual, Not Seasonally Adjusted
LAUST540000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,038.00
Year-over-Year Change
-44.98%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic indicator measures the annual, not seasonally adjusted unemployment rate in the United States. It provides insights into long-term labor market trends and is a key metric for policymakers and economists.
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 civilian labor force that is jobless but actively seeking employment. This long-term trend is useful for analyzing structural changes in the labor market over time, as it removes the impact of seasonal fluctuations.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly survey of households conducted by the U.S. Census Bureau.
Historical Context
The annual, not seasonally adjusted unemployment rate is closely monitored by the Federal Reserve and other policymakers to inform economic and monetary policy decisions.
Key Facts
- The annual, not seasonally adjusted unemployment rate was 3.7% in 2021.
- The rate has fluctuated between 3.5% and 9.7% over the past 20 years.
- This metric provides a long-term perspective on the health of the U.S. labor market.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted unemployment rate measures the percentage of the civilian labor force that is jobless but actively seeking employment, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This long-term, non-seasonally adjusted unemployment rate is a key indicator of structural changes in the labor market, which is crucial for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly survey of households conducted by the U.S. Census Bureau.
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 other policymakers to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be minor delays in data availability, but the annual, not seasonally adjusted unemployment rate is a reliable and widely-used economic indicator.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST540000000000004A), retrieved from FRED.