Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Luxembourg
Quarterly, Seasonally Adjusted
LMUNRRTTLUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.60
Year-over-Year Change
-11.58%
Date Range
1/1/1995 - 10/1/2023
Summary
The 'Quarterly, Seasonally Adjusted' trend measures the national unemployment rate in the United States. This key economic indicator provides insights into the strength of the labor market and overall 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 metric represents the percentage of the civilian labor force that is unemployed but actively seeking work. It is a widely tracked data point used by policymakers, economists, and analysts to assess employment trends and inform economic decision-making.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for the Federal Reserve and other government agencies when evaluating the need for policy interventions or adjustments.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded U.S. unemployment rate was 3.5% in September 2019.
- The Bureau of Labor Statistics (BLS) has published the unemployment rate since 1939.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Seasonally Adjusted' trend measures the percentage of the civilian labor force in the United States that is unemployed but actively seeking work.
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 overall economic conditions, making it essential for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for the Federal Reserve and other government agencies when evaluating the need for policy interventions or adjustments to support the labor market and broader economy.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly, with a brief delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LMUNRRTTLUQ156S), retrieved from FRED.