Infra-Annual Labor Statistics: Monthly Unemployment Male: 15 Years or over for Luxembourg
Annual, Not Seasonally Adjusted
LFHUTTMALUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,750.00
Year-over-Year Change
88.00%
Date Range
1/1/1983 - 1/1/2024
Summary
This economic trend measures the annual unemployment rate in the United States, not seasonally adjusted. It is a key indicator of the overall health and strength of the U.S. 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 provides a comprehensive view of the U.S. workforce without the fluctuations caused by seasonal hiring patterns. Economists and policymakers use this metric to analyze long-term employment trends and guide economic policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for the Federal Reserve and other institutions when evaluating the need for monetary policy adjustments.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest annual unemployment rate on record was 2.5% in 1953.
- Unemployment rates tend to be higher among certain demographic groups, such as young workers and racial minorities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual unemployment rate in the United States, without adjusting for seasonal hiring patterns.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate provides a comprehensive view of long-term employment trends in the U.S. labor market, which is crucial for economic analysis and policymaking.
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 unemployment rate is a key indicator used by the Federal Reserve and other institutions when evaluating the need for monetary policy adjustments to support economic growth and stability.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is typically released with a short delay and may not account for certain regional or demographic variations in the labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHUTTMALUA647N), retrieved from FRED.