Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Ireland
Annual, Seasonally Adjusted
LRHUTTMAIEA156S • 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 unemployment rate in the United States on an annual, seasonally adjusted basis. It is a key indicator of the overall health and strength 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 annual, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. This metric is widely used by economists, policymakers, and analysts to assess economic conditions and inform policy decisions.
Methodology
The U.S. Bureau of Labor Statistics collects and calculates this data through monthly household surveys.
Historical Context
The unemployment rate is a critical data point for the Federal Reserve and other institutions in setting monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate averaged 3.7% in 2019, the lowest level in 50 years.
- The unemployment rate spiked to 14.7% in April 2020 due to the COVID-19 pandemic.
- The Federal Reserve considers the natural rate of unemployment to be around 4-5%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian 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 critical indicator of the overall health and strength of the U.S. labor market, and it is closely monitored by economists, policymakers, and market analysts to assess economic conditions and inform policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through monthly household surveys and calculates the annual, seasonally adjusted unemployment rate.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key data point used by the Federal Reserve and other institutions in setting monetary and fiscal policies to promote full employment and stable prices.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate data is typically released with a one-month lag, and it may be subject to revisions as additional survey data becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTMAIEA156S), retrieved from FRED.