Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Australia
Annual, Not Seasonally Adjusted
LRUN55MAAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.14
Year-over-Year Change
-15.62%
Date Range
1/1/1979 - 1/1/2024
Summary
This series measures the annual unemployment rate in the United States, without seasonal adjustments. It is a key indicator of the overall state of the labor market and 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 annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless. It provides a broad, unfiltered view of labor market trends, unlike seasonally adjusted data which smoothes out recurring fluctuations.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this series to assess the strength of the economy and inform decisions on employment, monetary, and fiscal policies.
Key Facts
- The annual unemployment rate averaged 5.7% in 2022.
- The rate peaked at 14.7% in 2020 due to the COVID-19 pandemic.
- The series dates back to 1948.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted unemployment rate in the United States. It tracks the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate provides a broad, unfiltered view of labor market trends, which is crucial for policymakers and economists to assess the overall state of the economy.
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: Policymakers and economists use this series to inform decisions on employment, monetary, and fiscal policies based on the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag, and the annual figures are subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55MAAUA156N), retrieved from FRED.