Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Turkiye
Annual, Seasonally Adjusted
LRUN24FETRA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.35
Year-over-Year Change
25.39%
Date Range
1/1/2006 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the percentage of the labor force that is unemployed in the United States. This key economic indicator provides insight into the overall health of the job 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 unemployment rate is a widely followed economic statistic that reflects the percentage of the civilian labor force that is jobless. Economists and policymakers closely monitor this trend to assess the strength of the labor market and guide economic policies.
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 input for the Federal Reserve's monetary policy decisions.
Key Facts
- The unemployment rate reached a high of 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest unemployment rate in the U.S. was 3.5% in September 2019.
- The unemployment rate is a lagging indicator, meaning it often changes after broader economic conditions have shifted.
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 in the United States.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health of the job market and a critical input for economic policymaking.
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.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial metric used by the Federal Reserve to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a short lag, but may be subject to revisions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN24FETRA156S), retrieved from FRED.