Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Austria
Annual, Seasonally Adjusted
LFHUTTTTATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
244,250.00
Year-over-Year Change
9.28%
Date Range
1/1/1993 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the total unemployment rate in the United States. This key economic indicator provides insights into the overall 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
This seasonally adjusted unemployment rate series tracks the percentage of the civilian labor force that is jobless. It is a widely followed metric used by economists, policymakers, and analysts to assess employment conditions and guide economic policies.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for Federal Reserve monetary policy decisions and is closely monitored by financial markets.
Key Facts
- The current U.S. unemployment rate is 3.7%.
- Unemployment peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The unemployment rate has fallen significantly from its pandemic high.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the overall unemployment rate in the United States, tracking the percentage of the 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 labor market and the broader economy, and is closely watched by policymakers, economists, and financial markets.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for Federal Reserve monetary policy decisions and is closely monitored by financial markets to assess the overall state of the economy.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the Bureau of Labor Statistics, with a slight delay from the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFHUTTTTATA647S), retrieved from FRED.