Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Portugal
Quarterly, Seasonally Adjusted
LMUNRLTTPTQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
310,716.10
Year-over-Year Change
-22.93%
Date Range
1/1/1974 - 10/1/2023
Summary
This economic trend measures the quarterly, seasonally adjusted unemployment rate in the United States. It is a key indicator of labor market conditions and overall economic performance.
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 quarterly, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. This metric is widely used by economists, policymakers, and analysts to assess the health of the U.S. labor market and broader economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded unemployment rate in the U.S. was 3.5% in 2019.
- The unemployment rate is a lagging economic indicator, reflecting past hiring and firing decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, 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 crucial indicator of labor market conditions and overall economic performance, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for monetary and fiscal policy decisions, as it reflects the overall health of the labor market and the broader economy.
Q: Are there update delays or limitations?
A: The quarterly, seasonally adjusted unemployment rate data is typically released with a short delay, and may be subject to minor revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LMUNRLTTPTQ647S), retrieved from FRED.