Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Canada
Annual, Not Seasonally Adjusted
LRHUTTTTCAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.35
Year-over-Year Change
-14.38%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides important insights into the long-term labor market conditions and is closely monitored by economists and policymakers.
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 is a key indicator of the overall health and stability of the U.S. labor market. It represents the percentage of the civilian labor force that is without jobs but actively seeking employment over a 12-month period.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the strength of the economy and guide policy decisions.
Key Facts
- The annual unemployment rate reached a high of 9.6% in 2010 during the Great Recession.
- The rate has generally trended downward since the recession, reaching 3.7% in 2019.
- Unemployment is a key factor in the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is without jobs but actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate is a critical indicator of the overall health and stability of the U.S. labor market, and is closely monitored by economists, policymakers, and market analysts to assess the strength of the economy and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) 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 annual, not seasonally adjusted unemployment rate is a key factor in the Federal Reserve's monetary policy decisions, as it provides insights into the overall health and stability of the labor market.
Q: Are there update delays or limitations?
A: The data is published monthly by the Bureau of Labor Statistics, with a typical delay of around one month from the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTTTCAA156N), retrieved from FRED.