Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Australia
Annual, Seasonally Adjusted
LREM24MAAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.10
Year-over-Year Change
5.63%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the median length of unemployment in the United States. It is a key economic indicator used by policymakers to assess the state of the labor market.
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 Annual, Seasonally Adjusted trend represents the median number of weeks that unemployed individuals have been without work in the U.S. It provides insight into the duration and persistence of unemployment, which is vital for evaluating the strength and recovery of the labor force.
Methodology
This data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The median length of unemployment is closely monitored by the Federal Reserve and other economic institutions to inform policy decisions.
Key Facts
- The median length of unemployment reached a peak of 25.5 weeks in 2011 during the Great Recession.
- In 2022, the median duration of unemployment was 8.7 weeks, close to pre-pandemic levels.
- Long-term unemployment (27 weeks or more) accounted for 19.5% of total unemployment in 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the median length of unemployment in the United States, providing insight into the duration and persistence of joblessness.
Q: Why is this trend relevant for users or analysts?
A: The median length of unemployment is a key labor market indicator used by policymakers, economists, and analysts to assess the strength and recovery of the U.S. workforce.
Q: How is this data collected or calculated?
A: This 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 median length of unemployment is closely monitored by the Federal Reserve and other economic institutions to inform policy decisions related to employment, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted data is published monthly with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM24MAAUA156S), retrieved from FRED.