Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 15 Years or over for Slovak Republic
Annual, Seasonally Adjusted
LRHUTTFESKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.94
Year-over-Year Change
-59.47%
Date Range
1/1/1998 - 1/1/2024
Summary
This trend measures the total unemployment rate in the United States, adjusted for seasonal variations. It provides a reliable indicator of the health 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 total unemployment rate is a key economic indicator that represents the percentage of the total labor force that is jobless but actively seeking employment. Seasonal adjustments help account for recurring patterns in hiring and firing throughout the year.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by policymakers, economists, and investors to gauge the overall strength of the economy.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest unemployment rate on record is 3.5%, which was achieved in 2019.
- The unemployment rate is a lagging indicator, meaning it tends to rise after the start of a recession and fall after the economy begins recovering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate in the United States, which represents the percentage of the 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 key indicator of the overall health of the labor market and the broader economy. It is closely watched by policymakers, economists, and investors to gauge economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for policymakers at the Federal Reserve and other government agencies when making decisions about monetary and fiscal policies to promote full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly with a lag of approximately two weeks, providing timely information on the state of the labor market.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTFESKA156S), retrieved from FRED.