Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Ireland
Annual, Not Seasonally Adjusted
LRHUTTMAIEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-75.76%
Date Range
1/1/1983 - 1/1/2024
Summary
This economic trend measures the total unemployment rate for the United States, not adjusted for seasonal variations. It provides crucial insights into the overall state of the labor market and informs policy decisions.
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 tracks the percentage of the civilian labor force that is jobless. This unadjusted figure is an important complement to the seasonally adjusted unemployment rate, offering a more direct view of underlying economic conditions.
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 health of the labor market and inform decisions on fiscal and monetary policy.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019 before rising sharply due to the COVID-19 pandemic.
- The unemployment rate reached a high of 14.7% in April 2020, the highest level since the Great Depression.
- The unemployment rate has since declined but remains elevated compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless, without adjusting for typical seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This unadjusted unemployment rate provides a more direct view of underlying labor market conditions, complementing the seasonally adjusted figure and informing policy decisions.
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 health of the labor market and inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is published with a relatively short delay, typically within a few months of the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTMAIEA156N), retrieved from FRED.