Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Luxembourg
Quarterly, Seasonally Adjusted
LMJVTTUVLUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,605.15
Year-over-Year Change
26.59%
Date Range
1/1/1960 - 7/1/2023
Summary
This series measures the quarterly, seasonally adjusted unemployment rate for the U.S. labor force. It is a key economic indicator used by policymakers to gauge the health of the job 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 quarterly, seasonally adjusted unemployment rate tracks the percentage of the U.S. civilian labor force that is without a job but actively seeking employment. This metric provides a more comprehensive picture of labor market dynamics compared to the standard monthly unemployment rate.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other economic policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate averaged 5.7% in 2022.
- The highest quarterly unemployment rate on record was 14.7% in Q2 2020.
- Unemployment is a lagging economic indicator, often peaking after a recession has ended.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, 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 metric used by policymakers, economists, and investors to assess the overall health of the job market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The quarterly unemployment rate data is released with a brief delay, typically 1-2 months after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LMJVTTUVLUQ647S), retrieved from FRED.