Employed Persons in West Virginia
Annual, Not Seasonally Adjusted
LAUST540000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
754,828.00
Year-over-Year Change
0.52%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the average annual unemployment rate in the United States, providing critical insights into the nation's economic health and 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
This economic indicator represents the total percentage of the civilian labor force that is unemployed and actively seeking work, without adjusting for seasonal fluctuations. It serves as a key barometer for policymakers, analysts, and the public to understand the broader labor market 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 widely used to inform economic policy decisions and monitor the overall strength of the U.S. job market.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019 before the COVID-19 pandemic.
- The rate peaked at 14.7% in April 2020 during the pandemic-induced economic downturn.
- Unemployment levels vary significantly by demographic factors, such as age, gender, and education.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the average yearly unemployment rate in the United States, providing a broad indicator of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate metric is a crucial data point for economists, policymakers, and the public to assess the overall strength of the U.S. job market and inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted monthly 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 widely used by the Federal Reserve, Congress, and other institutions to monitor labor market conditions and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is released with a slight delay, as it requires aggregating monthly survey results, but it provides a comprehensive, non-seasonally adjusted view of the labor market.
Related Trends
Average Weekly Earnings of All Employees: Total Private in West Virginia
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Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for West Virginia
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Average Weekly Earnings of Production Employees: Leisure and Hospitality: Accommodation and Food Services in West Virginia
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Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in West Virginia
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Transportation Carbon Dioxide Emissions, Natural Gas for West Virginia
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST540000000000005A), retrieved from FRED.