Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Ireland
Annual, Seasonally Adjusted
LRHUTTTTIEA156S • 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, Seasonally Adjusted trend measures the unemployment rate in the United States. This key economic indicator provides insight into the strength and resilience 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 trend represents the percentage of the civilian labor force that is unemployed but actively seeking employment, adjusted for seasonal variations. It is a crucial metric for policymakers and analysts to gauge the overall health of the economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded unemployment rate in the U.S. was 3.5% in 2019.
- The unemployment rate is a leading indicator of economic health and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the civilian labor force that is unemployed but actively seeking employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health and strength of the labor market, providing insights that inform economic policy decisions and shape market expectations.
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 closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions that aim to promote full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release delay of a few weeks.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTTTIEA156S), retrieved from FRED.