Infra-Annual Labor Statistics: Unemployment Total: From 15 to 74 Years for Turkiye
Annual, Seasonally Adjusted
LFUN74TTTRA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,113,250.00
Year-over-Year Change
41.38%
Date Range
1/1/2006 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted unemployment rate in the United States. It is a key indicator used by policymakers and economists to assess the health of the 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 annual, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless, providing insight into overall employment conditions. This metric is widely monitored as it informs economic analysis and guides policy decisions.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a critical input for the Federal Reserve and other institutions when evaluating the strength of the economy and potential policy actions.
Key Facts
- The U.S. unemployment rate stood at 3.5% in 2019, the lowest level in 50 years.
- The COVID-19 pandemic drove the unemployment rate to a high of 14.7% in April 2020.
- The unemployment rate is a lagging economic indicator, often peaking after a recession has ended.
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.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the strength of the labor market and overall economic conditions, informing policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, 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 key input for the Federal Reserve and other institutions when evaluating the economy and determining appropriate policy actions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN74TTTRA647S), retrieved from FRED.