Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Luxembourg
Annual, Seasonally Adjusted
LMUNRLTTLUA647S • 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
The Annual, Seasonally Adjusted unemployment rate measures the percentage of the total labor force that is unemployed but actively seeking employment in the United States. This key economic indicator provides insights into the strength of the labor market and broader economic conditions.
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 is a widely followed economic statistic that tracks the proportion of the civilian labor force without jobs but actively looking for work. It is a critical measure of labor market health and an important input for policymakers and analysts assessing the state of the economy.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly survey of households conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve, government policymakers, and market participants to gauge the overall strength of the economy and inform policy decisions.
Key Facts
- The current annual, seasonally adjusted unemployment rate is XX.X%.
- The unemployment rate peaked at XX.X% during the [YEAR] recession.
- The pre-pandemic annual unemployment rate was XX.X% in [YEAR].
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted unemployment rate measures the percentage of the total U.S. civilian labor force that is unemployed but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the strength of the labor market and the overall health of the economy, making it a critical data point for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly survey of households 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 government policymakers to assess the state of the economy and inform policy decisions, such as interest rate changes and fiscal stimulus measures.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted unemployment rate is released on a regular schedule by the Bureau of Labor Statistics, with a typical delay of one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LMUNRLTTLUA647S), retrieved from FRED.