Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Luxembourg
Annual, Seasonally Adjusted
LRUN25TTLUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.48
Year-over-Year Change
22.35%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the annual unemployment rate for the United States. This key economic indicator is crucial for policymakers and analysts to assess the strength 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
The annual unemployment rate represents the total number of unemployed persons as a percentage of the civilian labor force, adjusted for seasonal variations. It provides a comprehensive view of long-term employment trends and is a critical input for economic decision-making.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The annual unemployment rate informs fiscal and monetary policies aimed at maintaining full employment and price stability.
Key Facts
- The annual unemployment rate reached a high of 9.6% in 2010 during the Great Recession.
- The rate has steadily declined since the recession, reaching a low of 3.5% in 2019.
- Unemployment is a key indicator of economic health and a target for policymakers.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total number of unemployed persons as a percentage of the civilian labor force in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a critical economic indicator that provides insights into the overall health of the labor market. It informs policy decisions and is closely monitored by economists, policymakers, and market participants.
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.
Q: How is this trend used in economic policy?
A: The annual unemployment rate is a key input for fiscal and monetary policies aimed at maintaining full employment and price stability. Policymakers use this metric to assess the strength of the labor market and make informed decisions.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is published with a short delay, typically within a few weeks after the end of the calendar year. There are no major limitations to the data, as it is a widely recognized and reliable economic indicator.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Luxembourg
CPHPTT01LUA659N
Infra-Annual Labor Statistics: Employment Male: From 15 to 64 Years for Luxembourg
LFEM64MALUA647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Luxembourg
LUXCPHP0400GYM
Harmonized Index of Consumer Prices: Solid Fuels for Luxembourg
CP0454LUM086NEST
Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Luxembourg
LFHUTTTTLUM647S
Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Luxembourg
CP0121LUM086NEST
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN25TTLUA156S), retrieved from FRED.