Infra-Annual Labor Statistics: Unemployment Total: From 15 to 74 Years for Russia
Annual, Seasonally Adjusted
LFUN74TTRUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,625,523.00
Year-over-Year Change
-43.38%
Date Range
1/1/1992 - 1/1/2021
Summary
This economic trend measures the annual, seasonally adjusted unemployment rate in the United States. It is a key indicator of labor market conditions and overall economic performance.
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 annual, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. This metric is widely used by economists, policymakers, and analysts to assess the health of the U.S. labor market and inform economic decision-making.
Methodology
The U.S. Bureau of Labor Statistics collects this data through monthly household surveys.
Historical Context
The unemployment rate is a crucial input for Federal Reserve policy and a barometer of the broader economy.
Key Facts
- The U.S. unemployment rate reached a peak of 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded unemployment rate in the U.S. was 3.5% in 2019.
- The annual, seasonally adjusted unemployment rate is published monthly by the Bureau of Labor Statistics.
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 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 unemployment rate is a key indicator of the health of the labor market and the broader economy, making it a crucial metric 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.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for Federal Reserve monetary policy and serves as a barometer for the overall state of the economy.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate is published monthly by the Bureau of Labor Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN74TTRUA647S), retrieved from FRED.