Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Portugal
Annual, Not Seasonally Adjusted
LRHUTTTTPTA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.46
Year-over-Year Change
-61.02%
Date Range
1/1/1983 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the unemployment rate in the United States. This key economic indicator provides insights 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
This unemployment rate trend represents the percentage of the civilian labor force that is without a job but actively seeking work. Economists and policymakers closely monitor this metric to assess employment conditions and inform economic 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 data point used by the Federal Reserve and other institutions to evaluate the broader economy.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest recorded U.S. unemployment rate was 2.5% in May 1953.
- The unemployment rate is a lagging economic indicator, meaning it tends to rise after the start of a recession.
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 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 overall health of the labor market and the broader economy. It is closely watched by economists, policymakers, and investors to assess economic conditions and inform policy decisions.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical data point used by the Federal Reserve and other institutions to evaluate the state of the economy and inform monetary policy decisions, such as adjusting interest rates.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly, with a slight delay, by the Bureau of Labor Statistics. The annual, not seasonally adjusted version may have additional lags compared to the monthly, seasonally adjusted data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTTTPTA156N), retrieved from FRED.