Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 15 Years or over for Canada
Annual, Seasonally Adjusted
LRHUTTFECAA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.99
Year-over-Year Change
-14.20%
Date Range
1/1/1956 - 1/1/2024
Summary
This economic indicator measures the annual, seasonally adjusted unemployment rate in the United States. It is a key metric 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 is a widely followed indicator of the state of the U.S. economy. It represents the percentage of the total labor force that is jobless but actively seeking employment and available for work.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The unemployment rate has generally trended downward since the Great Recession, reaching 3.5% in 2019.
- Policymakers use the unemployment rate to gauge the overall strength of the labor market and the broader economy.
FAQs
Q: What does this economic trend measure?
A: The annual, seasonally adjusted unemployment rate measures the percentage of the total U.S. labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the health of the labor market and the overall economy. It informs policymaking decisions and is closely watched by economists, investors, and the public.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly household surveys and then seasonally adjusted and annualized.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for the Federal Reserve and other policymakers when making decisions about monetary and fiscal policies aimed at promoting full employment and price stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTFECAA156S), retrieved from FRED.