Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Norway
Quarterly, Not Seasonally Adjusted
LREM74TTNOQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.10
Year-over-Year Change
-1.14%
Date Range
4/1/1999 - 1/1/2025
Summary
The Quarterly, Not Seasonally Adjusted economic trend measures the percentage of the labor force that is unemployed in the U.S. This key indicator helps economists and policymakers understand labor market dynamics and employment 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 quarterly, unadjusted unemployment rate represents the share of the civilian labor force that is without a job but actively seeking work. The data is used to assess the overall health and stability of the U.S. economy.
Methodology
The Bureau of Labor Statistics collects this data through household surveys to determine labor force participation and employment status.
Historical Context
Policymakers at the Federal Reserve and other institutions closely monitor this unemployment trend to inform economic and monetary policies.
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 2.5% in May 1953.
- The unemployment rate is a lagging economic indicator, often rising after a recession has already begun.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the U.S. civilian labor force that is unemployed and actively seeking work, on a quarterly, unadjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of overall economic health and labor market conditions, providing important insights for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects this data through household surveys to determine labor force participation and employment status.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor the unemployment rate to inform economic and monetary policies aimed at promoting full employment and price stability.
Q: Are there update delays or limitations?
A: This quarterly, unadjusted unemployment data is published with a lag, and may not fully capture the most recent labor market conditions.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LREM74TTNOQ156N), retrieved from FRED.