Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Austria
Annual, Not Seasonally Adjusted
LMUNRRTTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.30
Year-over-Year Change
-9.32%
Date Range
1/1/1950 - 1/1/2022
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures unemployment rates in the United States. It provides important insights into 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
This annual, non-seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking work. It is a key indicator of overall employment health and labor market tightness.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to gauge the strength of the economy and inform decisions.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- In 2021, the annual unemployment rate was 5.3%, down from the prior year's 8.1%.
- Historically, the U.S. annual unemployment rate has ranged from around 3% to 10%.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of the U.S. civilian labor force that is unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a key indicator of labor market conditions and the overall health of the economy. It provides important context for interpreting economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the unemployment rate to assess the strength of the labor market and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted unemployment rate is published with a short lag, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LMUNRRTTATA156N), retrieved from FRED.