Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Spain
Annual, Not Seasonally Adjusted
LRHUTTTTESA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.36
Year-over-Year Change
-54.18%
Date Range
1/1/1987 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the unemployment rate in the United States. This key economic indicator provides insight into the overall health of the 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 unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. It is a widely-followed metric used by policymakers, economists, and investors to assess economic conditions and guide policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a critical input for the Federal Reserve and other government agencies in formulating economic and monetary policies.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The all-time low unemployment rate in the U.S. was 2.5% in 1953.
- The unemployment rate is a lagging economic indicator, meaning it often reflects changes in the economy that have already occurred.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the percentage of the civilian labor force in the United States 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 the overall health of the labor market and the broader economy. It provides valuable insights for policymakers, economists, and investors.
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.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for the Federal Reserve and other government agencies in formulating economic and monetary policies.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly, with a typical release delay of about two weeks after the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTTTESA156N), retrieved from FRED.