Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Canada
Annual, Seasonally Adjusted
LRHUTTTTCAA156S • 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 series measures the annual unemployment rate in the United States, adjusted for seasonal variations. It is a key indicator of the overall health and stability 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 investors to assess economic conditions and guide policy decisions.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a critical input for the Federal Reserve and other institutions when setting monetary and fiscal policies.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The lowest annual unemployment rate on record was 2.5% in 1953.
- The unemployment rate is a lagging economic indicator, meaning it often changes after broader economic conditions have shifted.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual unemployment rate in the United States, adjusted for seasonal variations. It 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 crucial indicator of labor market health and overall economic conditions. It is closely monitored by policymakers, economists, and investors 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), 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 key input for the Federal Reserve and other institutions when setting monetary and fiscal policies to promote full employment and economic stability.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate data is published monthly with a relatively short delay, making it a timely indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTTTCAA156S), retrieved from FRED.