Unemployment Rate: Aged 55-64: Females for the European Union
Annual, Not Seasonally Adjusted
LRUN55FEEUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.73
Year-over-Year Change
-14.48%
Date Range
1/1/2005 - 1/1/2019
Summary
The 'Annual, Not Seasonally Adjusted' series measures the civilian unemployment rate in the United States. This key economic indicator provides insight into the overall health of the labor market and is closely watched by policymakers.
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 monthly unemployment rate represents the percentage of the civilian labor force that is jobless. It is a leading indicator of economic activity and a crucial metric for understanding employment trends and the broader macroeconomic environment.
Methodology
The data is collected through the Current Population Survey (CPS), a comprehensive household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a critical input for Federal Reserve monetary policy decisions and is closely tracked by economists, investors, and the general public.
Key Facts
- The current U.S. unemployment rate is 3.7%.
- The unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The civilian labor force in the U.S. is approximately 164 million people.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series 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 labor market and the broader economy. It is closely watched by policymakers, economists, and investors to gauge economic performance and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a comprehensive household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for Federal Reserve monetary policy decisions and is closely tracked by policymakers to assess the state of the economy and make informed policy choices.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a relatively short lag, making it a timely indicator of economic conditions. However, the data may be subject to revisions and can be influenced by seasonal factors.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55FEEUA156N), retrieved from FRED.