Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Portugal
Annual, Seasonally Adjusted
LRUN24FEPTA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.38
Year-over-Year Change
-43.42%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted unemployment rate for the civilian labor force in the United States. It provides critical insights into the health and stability of the U.S. 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
The annual, seasonally adjusted unemployment rate is a key macroeconomic indicator used by policymakers, analysts, and businesses to assess the overall employment situation in the country. It represents the percentage of the civilian labor force that is jobless but actively seeking employment.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for guiding monetary and fiscal policies aimed at promoting full employment and economic growth.
Key Facts
- The U.S. annual, seasonally adjusted unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- In 2022, the annual, seasonally adjusted unemployment rate was 3.7%, indicating a tight labor market.
- The unemployment rate is a lagging economic indicator, often peaking after the start of a recession and declining after the economy begins to recover.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted unemployment rate for the civilian labor force in the United States. It represents the percentage of the labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key macroeconomic indicator used by policymakers, analysts, and businesses to assess the overall health and stability of the U.S. labor market. It provides crucial insights for guiding monetary and fiscal policies aimed at promoting full employment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household 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 crucial input for guiding monetary and fiscal policies aimed at promoting full employment and economic growth. Policymakers, economists, and market analysts closely monitor the unemployment rate to assess the overall health of the labor market and make informed decisions.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate data is published monthly by the Bureau of Labor Statistics, with a typical release delay of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN24FEPTA156S), retrieved from FRED.