Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Luxembourg
Annual, Not Seasonally Adjusted
LMUNRLTTLUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,160.83
Year-over-Year Change
19.77%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic trend measures the total unemployment rate in the United States on an annual, not seasonally adjusted basis. It provides important insights into long-term labor market dynamics.
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, not seasonally adjusted unemployment rate is a key economic indicator that reflects the overall health of the U.S. labor market. It is used by policymakers, economists, and analysts to assess broader employment trends over a calendar year.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for economic and monetary policy decisions.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019.
- Unemployment rose sharply during the COVID-19 pandemic, reaching 8.1% in 2020.
- The annual rate provides a long-term perspective on labor market trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a key indicator of labor market health and a crucial input for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The annual unemployment rate is used by policymakers, economists, and analysts to assess broader employment trends and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published with a slight delay, as it requires aggregating monthly survey results over a full calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LMUNRLTTLUA647N), retrieved from FRED.