Active Population: Aged 15-74: All Persons for the Euro Area (19 Countries)
Annual, Seasonally Adjusted
LFAC74TTEZA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167,894,400.00
Year-over-Year Change
5.03%
Date Range
1/1/2005 - 1/1/2022
Summary
This economic indicator measures the annual, seasonally adjusted unemployment rate in the United States. It is a key metric used 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
The annual, seasonally adjusted unemployment rate represents the percentage of the total labor force that is jobless and actively seeking employment. It is an important economic indicator that helps guide policy decisions and investment strategies.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve, Congress, and other economic institutions to inform monetary and fiscal policy.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The unemployment rate has steadily declined since its pandemic peak, reaching 3.5% as of July 2022.
- The Federal Reserve closely monitors the unemployment rate when setting monetary policy to achieve its dual mandate of price stability and maximum employment.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the annual, seasonally adjusted unemployment rate in the United States, representing the percentage of the total labor force that is jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key economic indicator used by policymakers, investors, and analysts to assess the overall health of the labor market and guide policy decisions and investment strategies.
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: The unemployment rate is closely monitored by the Federal Reserve, Congress, and other economic institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a short delay, and the annual, seasonally adjusted figure may be subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC74TTEZA647S), retrieved from FRED.