Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for Czechia
Annual, Not Seasonally Adjusted
LFHU24MACZA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,083.33
Year-over-Year Change
-68.05%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the annual not seasonally adjusted unemployment rate in the United States. It provides valuable insights into the overall state 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 not seasonally adjusted unemployment rate is a key metric used by economists and policymakers to assess the health of the U.S. economy. It represents the percentage of the total labor force that is jobless but actively seeking employment.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The annual not seasonally adjusted unemployment rate reached a high of 14.7% in 2020 due to the COVID-19 pandemic.
- The rate has steadily declined since 2020, reaching 3.7% in 2022.
- This metric is considered a lagging indicator, as it reflects past economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual not seasonally adjusted unemployment rate in the United States, which represents the percentage of the total labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The annual not seasonally adjusted unemployment rate is a key indicator of the overall health of the U.S. labor market and economy. It is closely monitored by economists, policymakers, and market analysts to inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual not seasonally adjusted unemployment rate is used by the Federal Reserve and other institutions to assess the state of the labor market and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a slight delay, by the U.S. Bureau of Labor Statistics. There may be some limitations in capturing certain segments of the labor force.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHU24MACZA647N), retrieved from FRED.