Infra-Annual Labor Statistics: Employment Rate Male: From 55 to 64 Years for Israel
Annual, Not Seasonally Adjusted
LREM55MAILA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.73
Year-over-Year Change
7.14%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the unemployment rate for the U.S. metropolitan area of Miami-Miami Beach-Kendall, FL. This key employment statistic is closely watched by economists and policymakers to assess the health of the local 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
This metropolitan-level unemployment rate tracks the percentage of the civilian labor force in the Miami, FL area that is without a job but actively seeking work. The non-seasonally adjusted data provides a raw view of employment trends over time, without adjustments for typical seasonal variations.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Unemployment rates are a vital indicator used by the Federal Reserve and other policymakers to inform economic and monetary policy decisions.
Key Facts
- The Miami unemployment rate was 3.3% in 2022.
- Miami's labor force exceeds 1.4 million workers.
- Unemployment in Miami has declined steadily since the 2008 recession.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the unemployment rate for the Miami-Miami Beach-Kendall, FL metropolitan area. It tracks the percentage of the local civilian labor force that is jobless but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The Miami unemployment rate is a key indicator of the health of the local labor market and a vital data point for economists, policymakers, and businesses analyzing regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Unemployment rates like this one in Miami are closely watched by the Federal Reserve and other policymakers to inform decisions on economic and monetary policy.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data for the Miami metropolitan area is published with a short delay, typically a few months after the end of the reference year.
Related Trends
Sales: Retail Trade: Total Retail Trade: Volume for Israel
SLRTTO01ILA657S
Literacy Rate, Adult Total for Israel
SEADTLITRZSISR
Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Israel
LREM25TTILM156N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Israel
ISRCP050000IXOBQ
Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Israel
LFHU24TTILA647S
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: 15 Years or over for Israel
LRACTTMAILA156N
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM55MAILA156N), retrieved from FRED.