Harmonised Unemployment - Monthly Rates: Total: All Persons for the Euro Area (19 Countries)
Monthly, Not Seasonally Adjusted
LRHUTTTTEZM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-2.78%
Date Range
1/1/1993 - 1/1/2023
Summary
The 'Monthly, Not Seasonally Adjusted' trend measures the number of unemployed persons in the United States. This metric is a key indicator of the overall health of the labor market and economy.
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 total number of individuals who are actively seeking work but have not found employment, without adjusting for seasonal factors. It provides important context on the strength and dynamics of the U.S. workforce.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly household survey.
Historical Context
Policymakers and analysts closely monitor this trend to inform economic and monetary policy decisions.
Key Facts
- The U.S. unemployment rate was 3.5% in February 2020, prior to the COVID-19 pandemic.
- Unemployment claims spiked to over 6 million per week in March 2020 due to the economic impact of the pandemic.
- The unemployment rate reached a high of 14.7% in April 2020 before declining in subsequent months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed persons in the United States, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The unemployment level is a key indicator of the overall health of the labor market and broader economy, providing important context for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly household survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this unemployment trend to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on the state of the labor market.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LRHUTTTTEZM156N), retrieved from FRED.