Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Czech Republic
Monthly, Seasonally Adjusted
LFHUADTTCZM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109,000.00
Year-over-Year Change
-5.22%
Date Range
1/1/1993 - 11/1/2023
Summary
This economic indicator tracks the U.S. unemployment rate on a monthly basis, adjusted for seasonal factors. It provides crucial insights into the health and dynamics 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 monthly, seasonally adjusted unemployment rate is a key metric used by economists and policymakers to assess employment levels and economic conditions. It measures the percentage of the civilian labor force that is jobless but actively seeking work.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate stood at 3.5% as of August 2022.
- The unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The labor force participation rate was 62.4% as of August 2022.
FAQs
Q: What does this economic trend measure?
A: The monthly, seasonally adjusted unemployment rate measures the percentage of the civilian labor force that is jobless but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of labor market conditions and overall economic health, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household 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 and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly with a relatively short delay, providing timely insights into labor market conditions.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (LFHUADTTCZM647S), retrieved from FRED.