Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Czechia
Annual, Seasonally Adjusted
LRHU24MACZA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.82
Year-over-Year Change
-55.55%
Date Range
1/1/1993 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted unemployment rate in the United States. It is a key indicator of the health and performance of the U.S. 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 U.S. civilian labor force that is jobless. It is an important metric used by economists and policymakers to assess the strength of the economy and make informed decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The lowest recorded U.S. unemployment rate was 3.5% in 2019.
- The unemployment rate is a lagging economic indicator, often rising after the start of a recession.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted unemployment rate in the United States, which tracks 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 indicator of the health and performance of the U.S. labor market, and is closely monitored by economists and policymakers to inform economic decisions.
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: The unemployment rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a relatively short lag, providing timely insights into the state of the labor market.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHU24MACZA156S), retrieved from FRED.