Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Norway
Annual, Seasonally Adjusted
LREMTTTTNOA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.90
Year-over-Year Change
-9.10%
Date Range
1/1/2000 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted unemployment rate in the United States. It is a key economic indicator used by policymakers and analysts to assess the health 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 unemployment rate tracks the percentage of the civilian labor force that is jobless. It is a widely followed statistic that reflects broader economic conditions and informs policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other institutions to guide monetary and fiscal policy.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The natural rate of unemployment is estimated to be around 4-5% in a healthy economy.
- Unemployment can have significant social and economic impacts, including reduced consumer spending and increased government social program costs.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted unemployment rate in the United States, which reflects the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key economic indicator used by policymakers, businesses, and analysts to assess the overall health of the labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by the Federal Reserve and other institutions to guide monetary and fiscal policy decisions aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a brief lag, and is subject to periodic revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREMTTTTNOA156S), retrieved from FRED.