Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Luxembourg
Quarterly, Seasonally Adjusted
LMUNRLTTLUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,153.41
Year-over-Year Change
-8.64%
Date Range
1/1/1960 - 10/1/2023
Summary
The 'Quarterly, Seasonally Adjusted' series measures the civilian unemployment rate in the United States, a key economic indicator used by policymakers to assess labor market 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
This quarterly, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking work. It is a widely referenced metric for understanding the health and resilience of the U.S. economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other economic institutions to inform policy decisions.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest unemployment rate on record is 3.5%, reached in 2019.
- Long-term unemployment, defined as being jobless for 27 weeks or more, is a key focus for policymakers.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Seasonally Adjusted' series measures the percentage of the civilian labor force in the United States that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health and resilience of the U.S. economy, used by policymakers, economists, and investors to assess labor market conditions and make informed decisions.
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 unemployment rate is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions and assess the overall state of the labor market.
Q: Are there update delays or limitations?
A: The unemployment rate data is published on a quarterly basis, with a brief delay to allow for data collection and processing.
Related Trends
Labor Compensation: Earnings: Manufacturing: Hourly for Luxembourg
LUXLCEAMN01GPSAM
Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for Luxembourg
LFWATTTTLUQ647S
Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Luxembourg
LUXPERMITAISMEI
Business Tendency Surveys: Finished Goods Stocks: Economic Activity: Manufacturing: Current for Luxembourg
BSFGLV02LUM460S
Harmonized Index of Consumer Prices: Catering Services for Luxembourg
CP1110LUM086NEST
Producer Prices Index: Type of Goods: Consumer Goods: Total for Luxembourg
PITGCG01LUQ661N
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LMUNRLTTLUQ647S), retrieved from FRED.