Harmonised Unemployment - Monthly Levels: Total: All Persons for the Euro Area (19 Countries)
Monthly, Not Seasonally Adjusted
LFHUTTTTEZM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,768,000.00
Year-over-Year Change
-1.56%
Date Range
1/1/1995 - 1/1/2023
Summary
The 'Monthly, Not Seasonally Adjusted' series measures the unemployment rate in the United States. It provides a timely indicator of the 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 monthly unemployment rate series tracks the percentage of the civilian labor force in the U.S. that is jobless but actively seeking employment. It offers an unbiased snapshot of the current state of the labor market without adjusting for seasonal factors.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor this unemployment metric to assess the strength of the economy and guide economic policies.
Key Facts
- The U.S. unemployment rate was 3.6% as of March 2023.
- The all-time high for this unemployment series was 14.7% in April 2020.
- Economists view the unemployment rate as a key indicator of economic health.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly, Not Seasonally Adjusted' series measures the percentage of the U.S. civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the strength of the labor market and overall economic conditions, informing policymakers and guiding economic decisions.
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.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the unemployment rate to assess the health of the economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The unemployment data is released monthly, providing a timely snapshot of labor market conditions. However, it does not account for seasonal variations in employment.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LFHUTTTTEZM647N), retrieved from FRED.