Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Australia
Annual, Seasonally Adjusted
LRUN25TTAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.02
Year-over-Year Change
-25.51%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the civilian unemployment rate in the United States. This key economic indicator provides insights into the strength of the labor market and overall economic conditions.
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 civilian unemployment rate tracks the percentage of the labor force that is without a job but actively seeking employment. It is a widely followed metric used by policymakers, economists, and analysts to assess the health of the U.S. economy.
Methodology
The data is collected through the Current Population 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 the Federal Reserve's monetary policy decisions.
Key Facts
- The U.S. civilian unemployment rate was 3.5% in February 2020, prior to the COVID-19 pandemic.
- The unemployment rate peaked at 14.7% in April 2020 during the height of the pandemic.
- The unemployment rate has since declined but remains above pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the civilian unemployment rate in the United States, which represents the percentage of the labor force that is without a job but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the health of the labor market and the broader economy. It is closely monitored by policymakers, economists, and investors to assess economic conditions and inform decision-making.
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 key input for the Federal Reserve's monetary policy decisions, as it provides insights into the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly by the Bureau of Labor Statistics, with a typical one-month lag.
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Citation
U.S. Federal Reserve, Civilian Unemployment Rate (LRUN25TTAUA156S), retrieved from FRED.