Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Estonia
Annual, Seasonally Adjusted
LRHU24TTEEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.34
Year-over-Year Change
-7.38%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures total employed persons in the U.S. labor market. It is a key indicator of economic health and a crucial metric for policymakers and analysts.
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 series tracks the total number of employed persons in the United States on an annual basis, adjusted for seasonal variations. It is a widely followed indicator of labor market conditions and overall economic activity.
Methodology
The data is collected through the Current Population Survey (CPS), a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and financial markets to assess the strength of the U.S. economy.
Key Facts
- The U.S. labor force includes over 160 million employed persons.
- Employment levels are a key driver of consumer spending and economic growth.
- Seasonal adjustments help identify underlying trends in the labor market.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total number of employed persons in the United States on an annual basis, with adjustments made for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Employment levels are a crucial indicator of economic health and performance, influencing consumer spending, business investment, and overall growth. This trend is closely monitored by policymakers, economists, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely follow employment trends to assess the strength of the labor market and broader economy, informing decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a slight delay to allow for seasonal adjustments. While comprehensive, the survey-based nature of the data may not capture all employment changes in real-time.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHU24TTEEA156S), retrieved from FRED.