Harmonized Unemployment Rate: Total: All Persons for the European Union
Annual, Not Seasonally Adjusted
LRHUTTTTEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.33
Year-over-Year Change
-11.95%
Date Range
1/1/2000 - 1/1/2019
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the civilian unemployment rate in the United States. This key economic indicator is widely followed by policymakers, analysts, and the public to assess the 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
This series tracks the percentage of the civilian labor force that is unemployed but actively seeking work. It provides a comprehensive view of the US unemployment situation without adjusting for seasonal hiring patterns.
Methodology
The data is collected through the monthly Current Population Survey conducted by the US Census Bureau.
Historical Context
The unemployment rate is a crucial input for Federal Reserve monetary policy decisions and is closely watched by financial markets.
Key Facts
- The US civilian unemployment rate averaged 5.3% in 2022.
- The unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded unemployment rate was 2.5% in 1953.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of the US civilian labor force that is unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the labor market and the broader economy. It informs policy decisions by the Federal Reserve and is closely watched by financial markets and the public.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the US Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for Federal Reserve monetary policy decisions and is closely watched by policymakers, economists, and financial markets.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a short delay, typically 1-2 weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTTTEUA156N), retrieved from FRED.