Infra-Annual Labor Statistics: Monthly Unemployment Female: 15 Years or over for Slovak Republic
Annual, Seasonally Adjusted
LFHUTTFESKA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77,250.00
Year-over-Year Change
-59.02%
Date Range
1/1/1995 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted unemployment rate in the U.S. labor force. It is a key economic indicator used by policymakers and analysts to assess the health of the job 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 tracks the percentage of the total civilian labor force that is jobless, based on a monthly survey of households. It is an important metric for understanding broader employment trends and labor force participation.
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 policymakers to inform economic and monetary policy decisions.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The pre-pandemic unemployment rate in February 2020 was 3.5%, the lowest in 50 years.
- The unemployment rate is a lagging economic indicator, often peaking after a recession has already begun.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted unemployment rate in the U.S. labor force, representing the percentage of the total civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the job market and the broader economy. It is closely monitored by policymakers, economists, and investors to assess economic conditions and inform policy decisions.
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 a critical input for the Federal Reserve and other policymakers in setting monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly with a brief lag, providing timely information on the state of the labor market.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFHUTTFESKA647S), retrieved from FRED.