Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Australia
Annual, Seasonally Adjusted
LRHUTTTTAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.02
Year-over-Year Change
-23.13%
Date Range
1/1/1967 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the U.S. unemployment rate, a key indicator of economic health and labor market conditions.
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 represents the percentage of the civilian labor force that is unemployed but actively seeking work, adjusted for seasonal variations. It is a widely followed metric used by policymakers, economists, and analysts to assess employment dynamics and the overall strength of the U.S. economy.
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
The unemployment rate is a crucial input for monetary and fiscal policy decisions made by the Federal Reserve and government.
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 was 3.5% in September 2019.
- The unemployment rate is considered a lagging economic indicator.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the U.S. civilian labor force that is unemployed but actively seeking work, with adjustments made for seasonal variations in employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health and strength of the U.S. economy, providing insights into labor market dynamics that inform policy decisions and economic forecasting.
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: The unemployment rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and government, as it reflects the overall strength of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a typical release lag of around 2-3 weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTTTAUA156S), retrieved from FRED.