Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Austria
Quarterly, Seasonally Adjusted
LMUNRLTTATQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
276,790.80
Year-over-Year Change
-28.64%
Date Range
1/1/1955 - 10/1/2023
Summary
The Quarterly, Seasonally Adjusted series measures the unemployment rate in the United States on a quarterly basis, with seasonal adjustments to account for cyclical variations.
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
This unemployment rate trend provides a comprehensive look at the labor market, allowing policymakers and economists to analyze the health of the overall economy and inform decisions around monetary and fiscal policy.
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 key indicator used by the Federal Reserve and other government agencies to gauge economic conditions and guide policy interventions.
Key Facts
- The U.S. unemployment rate averaged 5.6% in 2022.
- Unemployment fell to a 50-year low of 3.5% in 2019.
- The COVID-19 pandemic caused the unemployment rate to spike to 14.7% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the percentage of the civilian labor force that is unemployed in the United States on a quarterly basis, with adjustments to account for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health of the labor market and the broader economy, providing valuable insights for policymakers, businesses, and consumers.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by the Federal Reserve and other government agencies to assess economic conditions and inform decisions around monetary and fiscal policy, such as interest rate adjustments and targeted interventions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted unemployment rate data is released with a slight delay, typically within a few weeks of the end of each quarter. There may be minor revisions to past data as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LMUNRLTTATQ647S), retrieved from FRED.