Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Turkiye
Annual, Seasonally Adjusted
LFUN24TTTRA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
898,750.00
Year-over-Year Change
32.48%
Date Range
1/1/2006 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted unemployment rate for the United States. The unemployment rate is a key economic indicator closely watched by policymakers and analysts.
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 unemployment rate represents the proportion of the total labor force that is jobless but actively seeking employment. It is a widely used metric for assessing the health and stability of the U.S. labor market and overall economy.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for monetary and fiscal policy decisions made by the Federal Reserve and other government institutions.
Key Facts
- The U.S. unemployment rate was 3.5% in 2019, a 50-year low.
- The unemployment rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- Historically, the U.S. unemployment rate has ranged from around 3% to 10%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted unemployment rate in the United States, which represents the proportion of the total 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 key economic indicator that provides insights into the health and stability of the U.S. labor market and overall economy. It is closely monitored by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for monetary and fiscal policy decisions made by the Federal Reserve and other government institutions, as it reflects the overall strength and stability of the labor market.
Q: Are there update delays or limitations?
A: The unemployment rate data is typically released on a monthly basis with a short delay, and it is subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN24TTTRA647S), retrieved from FRED.