Total Harmonized Unemployment: All Persons for the European Union
Annual, Not Seasonally Adjusted
LFHUTTTTEUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,655,666.67
Year-over-Year Change
-7.90%
Date Range
1/1/2000 - 1/1/2019
Summary
This economic trend measures the annual, not seasonally adjusted employment level in the United States. It provides important insight into long-term labor market conditions.
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 employment level tracks the total number of individuals employed in the U.S. on a yearly basis, without adjusting for seasonal hiring patterns. This broad metric is used by economists and policymakers to assess the overall health and trajectory of the national labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly household surveys.
Historical Context
Policymakers and analysts closely monitor this employment trend to inform economic and workforce development strategies.
Key Facts
- The U.S. employment level reached a record high of 158.8 million in 2019.
- Employment declined sharply in 2020 due to the COVID-19 pandemic.
- Annual employment data provides a longer-term perspective on labor market trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the United States on an annual basis, without adjusting for seasonal hiring patterns.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted employment level is a key indicator of the overall health and direction of the U.S. labor market, which is crucial for economic policymaking and business decision-making.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this employment trend to inform economic and workforce development strategies, as well as to assess the broader health of the U.S. economy.
Q: Are there update delays or limitations?
A: The annual employment data is released with a short lag, typically a few months after the end of the calendar year. There may also be revisions to historical data as the Bureau of Labor Statistics refines its methodology.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHUTTTTEUA647S), retrieved from FRED.