Harmonised Unemployment - Monthly Levels: Total: All Persons for the Euro Area (19 Countries)
Quarterly, Seasonally Adjusted
LFHUTTTTEZQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,222,333.33
Year-over-Year Change
-9.32%
Date Range
1/1/1995 - 10/1/2022
Summary
This economic indicator measures the quarterly, seasonally adjusted unemployment rate in Guam. It provides valuable insights into the labor market conditions and overall economic performance of the territory.
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 Quarterly, Seasonally Adjusted unemployment rate is a key metric used by economists and policymakers to assess the health of the Guam labor market. It tracks the percentage of the civilian labor force that is jobless but actively seeking employment during a given quarter, with seasonal adjustments to account for recurring patterns.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by government agencies, businesses, and analysts to inform economic and workforce development policies in Guam.
Key Facts
- Guam's unemployment rate averaged 6.7% in 2022.
- The unemployment rate peaked at 17.4% during the COVID-19 pandemic in 2020.
- Guam's economy is heavily dependent on tourism, which was significantly impacted by the pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarterly, seasonally adjusted unemployment rate in Guam, which represents the percentage of the civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The Guam unemployment rate is a crucial metric for understanding the territory's labor market conditions and overall economic performance, informing policy decisions and business strategies.
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: Government agencies, businesses, and analysts closely monitor this trend to inform economic and workforce development policies in Guam.
Q: Are there update delays or limitations?
A: The data is published quarterly, with occasional delays due to the survey process. The sample size for Guam may limit the precision of the estimates.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFHUTTTTEZQ647S), retrieved from FRED.