Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Australia
Annual, Not Seasonally Adjusted
LRHU24TTAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.41
Year-over-Year Change
-19.64%
Date Range
1/1/1979 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted unemployment rate in the United States, providing crucial insights into the labor market's health.
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, not seasonally adjusted unemployment rate is a key economic indicator that tracks the percentage of the civilian labor force that is jobless. It offers a broader, less volatile perspective on unemployment trends compared to monthly data.
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
Policymakers and economists closely monitor this trend to assess the overall strength of the U.S. labor market and inform economic policy decisions.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019 before rising to 8.1% in 2020 due to the COVID-19 pandemic.
- The lowest annual unemployment rate on record was 2.5% in 1953.
- The highest annual unemployment rate was 9.7% in 2010, following the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate provides a broader and less volatile perspective on labor market conditions, making it a crucial indicator for policymakers, economists, and market analysts.
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: Policymakers and economists closely monitor this trend to assess the overall strength of the U.S. labor market and inform economic policy decisions, such as adjustments to monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published annually with a brief delay, providing a comprehensive look at the labor market over the course of a full year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHU24TTAUA156N), retrieved from FRED.