Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for United States
Annual, Not Seasonally Adjusted
LRUN24TTUSA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.91
Year-over-Year Change
-44.95%
Date Range
1/1/1955 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the unemployment rate in the United States over a 12-month period. This key economic indicator provides insights into the 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 annual unemployment rate series from the U.S. Bureau of Labor Statistics represents the percentage of the civilian labor force that is jobless. It is a critical metric for evaluating long-term employment trends and informing economic policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the broader economic climate and make informed decisions.
Key Facts
- The annual unemployment rate averaged 5.3% in 2022.
- The trend reached a high of 14.7% in 2020 due to the COVID-19 pandemic.
- Unemployment rates vary significantly by demographic and geographic factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, representing the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a critical indicator of labor market health and overall economic conditions, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys 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: Policymakers and analysts use this trend to assess the broader economic climate and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is typically released with a short delay, and the not seasonally adjusted format may limit direct comparisons to other unemployment metrics.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN24TTUSA156N), retrieved from FRED.