Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Australia
Annual, Seasonally Adjusted
LFUN24TTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
228,320.70
Year-over-Year Change
-6.28%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total number of new unemployment insurance claims filed over a 12-month period. This metric provides important insights into the health of the U.S. labor market and broader economic 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
This economic indicator tracks the total volume of initial unemployment insurance claims filed across the United States. It is a widely followed measure of labor market dynamics and a leading indicator of potential changes in employment, consumer spending, and broader economic trends.
Methodology
The data is collected through the U.S. Department of Labor's unemployment insurance program and adjusted for seasonal variations.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength of the economy and inform decisions around employment, monetary, and fiscal policies.
Key Facts
- The Annual, Seasonally Adjusted trend measures new unemployment insurance claims over a 12-month period.
- This indicator provides insights into the health of the U.S. labor market and broader economic conditions.
- Policymakers use this data to inform decisions around employment, monetary, and fiscal policies.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the total number of new unemployment insurance claims filed over a 12-month period in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a widely followed indicator of labor market dynamics and a leading signal of potential changes in employment, consumer spending, and broader economic trends.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Department of Labor's unemployment insurance program and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the strength of the economy and inform decisions around employment, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically a few weeks after the end of the reporting period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN24TTAUA647S), retrieved from FRED.