Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Australia
Annual, Not Seasonally Adjusted
LFHUTTTTAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
600,229.20
Year-over-Year Change
-4.05%
Date Range
1/1/1964 - 1/1/2024
Summary
This trend measures the annual not seasonally adjusted unemployment rate in the United States. It provides insight into long-term labor market trends and informs economic policymaking.
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 tracks the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period. This metric is widely used by economists and policymakers to analyze broad labor market health and inform economic policies.
Methodology
This 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 annual not seasonally adjusted unemployment rate is a key indicator used by the Federal Reserve, Congress, and other institutions to assess the state of the economy and guide fiscal and monetary policies.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019.
- The rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- Long-term trends in the annual unemployment rate inform policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which tracks the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual not seasonally adjusted unemployment rate is a key indicator used by economists, policymakers, and institutions to assess the long-term health of the labor market and inform economic policies.
Q: How is this data collected or calculated?
A: This 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 annual not seasonally adjusted unemployment rate is used by the Federal Reserve, Congress, and other institutions to evaluate the state of the economy and guide fiscal and monetary policies.
Q: Are there update delays or limitations?
A: There are no significant update delays for this data, which is released monthly. However, the not seasonally adjusted nature of the metric may limit its use for short-term analysis.
Related Trends
General government net lending/borrowing for Australia
GGNLBAAUA188N
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Australia
CPGRLE01AUQ657N
Real Statistical Discrepancy for Australia
NSDGDPRSAXDCAUQ
Real Exports of Goods for Australia
NXGRNSAXDCAUQ
Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Australia
LFWA55TTAUQ647S
Pension Fund Assets to GDP for Australia
DDDI13AUA156NWDB
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHUTTTTAUA647N), retrieved from FRED.