Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Ireland
Annual, Not Seasonally Adjusted
LRHUTTTTIEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.29
Year-over-Year Change
-72.28%
Date Range
1/1/1983 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the long-term, unadjusted unemployment rate in the United States. This key labor market indicator is crucial for policymakers and economists to understand employment dynamics.
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 annual, unadjusted unemployment rate provides a baseline view of the U.S. labor market over time, without the effects of seasonal fluctuations. It represents the percentage of the total labor force that is jobless but actively seeking employment.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The U.S. annual unemployment rate peaked at 14.7% in 2020.
- The lowest annual unemployment rate on record was 2.5% in 1953.
- Unemployment data is used to set targets for the Federal Reserve's dual mandate.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the long-term, unadjusted unemployment rate in the United States, representing the percentage of the total labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator is crucial for policymakers and economists to understand long-term employment dynamics and labor force participation in the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for monetary and fiscal policy decisions, as it helps the Federal Reserve and policymakers gauge the overall health of the labor market.
Q: Are there update delays or limitations?
A: The annual unemployment data is released with a lag, as it requires compiling survey responses over the full calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTTTIEA156N), retrieved from FRED.