Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Austria
Annual, Seasonally Adjusted
LMUNRRTTATA156S • 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, Seasonally Adjusted' series measures the total unemployment rate for the United States. This key economic indicator provides insights into the overall strength of the labor market and is closely monitored by policymakers.
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 series represents the percentage of the total civilian labor force that is unemployed but actively seeking work, adjusted for seasonal variations. The unemployment rate is a vital metric for evaluating the health of the economy and informing policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for the Federal Reserve and other economic policymakers when setting monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate reached a peak of 14.7% in April 2020 due to the COVID-19 pandemic.
- The lowest recorded U.S. unemployment rate was 3.5% in 2019, prior to the pandemic.
- Long-term unemployment remains a concern, with over 1 million Americans jobless for 27 weeks or more.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' series measures the overall unemployment rate in the United States, providing a snapshot of the health of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of economic performance and is closely watched by policymakers, businesses, and consumers to gauge the strength of the labor market and broader economy.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for the Federal Reserve and other economic policymakers when setting monetary and fiscal policies to achieve their dual mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the Bureau of Labor Statistics, with a typical release lag of 1-2 weeks.
Related Trends
Financial Market: Share Prices for Austria
SPASTT01ATA661N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Austria
AUTCP010000IXOBM
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 74 Years for Austria
LFUN74MAATA647N
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 25 to 54 Years for Austria
LRAC25MAATA156N
Harmonized Index of Consumer Prices: Food and Non-Alcoholic Beverages for Austria
CP0100ATM086NEST
National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Austria
NAEXKP02ATQ189S
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LMUNRRTTATA156S), retrieved from FRED.