Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for Switzerland
Annual, Seasonally Adjusted
LFUN55MACHA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,500.00
Year-over-Year Change
54.76%
Date Range
1/1/2005 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the annual average of the seasonally adjusted unemployment rate for the U.S. civilian labor force. This key statistic provides important insights into the overall health of the U.S. 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
The seasonally adjusted unemployment rate is a widely followed economic indicator that tracks the percentage of the civilian labor force that is unemployed but actively seeking work. Analyzing trends in this metric helps economists and policymakers assess the strength of the labor market and broader economic conditions.
Methodology
The U.S. Bureau of Labor Statistics collects and calculates this data through monthly household surveys.
Historical Context
Policymakers and analysts closely monitor the unemployment rate to inform economic and monetary policy decisions.
Key Facts
- The annual average unemployment rate in the U.S. was 3.7% in 2019.
- The unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The unemployment rate has historically ranged between 3-10% in the U.S. over the past two decades.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the annual average of the seasonally adjusted unemployment rate for the U.S. civilian labor force.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market health and overall economic conditions, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through monthly household surveys and calculates the seasonally adjusted annual average.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the unemployment rate to inform decisions on monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a brief lag, and the annual average is released shortly after the end of each calendar year.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN55MACHA647S), retrieved from FRED.