Unemployment Level - Nonveterans, 18 Years and over
LNU03049601 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,121.00
Year-over-Year Change
1.11%
Date Range
1/1/2000 - 7/1/2025
Summary
Tracks unemployment among nonveterans aged 18 and over. Provides critical insight into labor market dynamics and workforce participation.
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 measures the number of unemployed nonveteran civilians. It helps economists assess labor market health and economic resilience.
Methodology
Data collected through monthly Current Population Survey by U.S. Bureau of Labor Statistics.
Historical Context
Used by policymakers to design targeted employment and economic recovery strategies.
Key Facts
- Excludes military personnel and veterans
- Monthly statistical measurement
- Reflects broader economic conditions
FAQs
Q: How is nonveteran unemployment calculated?
A: Calculated by surveying civilian nonveteran population, measuring those actively seeking work but unemployed.
Q: Why is this unemployment metric important?
A: Provides targeted insight into civilian labor market health, excluding military workforce dynamics.
Q: How often is this data updated?
A: Monthly updates through the Bureau of Labor Statistics' Current Population Survey.
Q: What impacts nonveteran unemployment rates?
A: Economic cycles, industry trends, education levels, and overall economic policy significantly influence rates.
Q: Are there limitations to this data?
A: Represents a snapshot in time and may not capture underemployment or part-time work seeking.
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Citation
U.S. Federal Reserve, Unemployment Level - Nonveterans, 18 Years and over (LNU03049601), retrieved from FRED.