Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Austria
Monthly, Seasonally Adjusted
LMUNRLTTATM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
277,054.10
Year-over-Year Change
6.42%
Date Range
1/1/1955 - 12/1/2023
Summary
This metric measures the monthly, seasonally adjusted unemployment rate in the United States. It is a key indicator of the overall health and stability 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 monthly, seasonally adjusted unemployment rate is a widely-tracked economic indicator that provides insight into the strength and resilience of the U.S. labor force. It measures the percentage of the civilian labor force that is jobless but actively seeking employment.
Methodology
The Bureau of Labor Statistics collects this data through monthly household surveys.
Historical Context
Policymakers and economists closely monitor the unemployment rate to assess economic conditions and guide fiscal and monetary policy decisions.
Key Facts
- The U.S. unemployment rate is currently at X.X%.
- Unemployment levels have a significant impact on consumer spending and economic growth.
- The unemployment rate is a lagging economic indicator, reflecting past conditions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the monthly, 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 overall health and stability of the labor market, which has significant implications for consumer spending, economic growth, and policymaking.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects this data through monthly household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the unemployment rate to assess economic conditions and guide fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released on a monthly basis, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (LMUNRLTTATM647S), retrieved from FRED.