Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Sweden
Annual, Seasonally Adjusted
LRUN55MASEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.23
Year-over-Year Change
7.15%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the unemployment rate in the United States on an annualized, seasonally adjusted basis. This metric is a key indicator of labor market health and economic performance.
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, Seasonally Adjusted unemployment rate is a widely followed economic indicator that provides a comprehensive view of joblessness in the U.S. It is used by policymakers, economists, and analysts to assess the strength of the labor market and broader economic conditions.
Methodology
This 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 critical input for Federal Reserve monetary policy decisions and economic forecasting.
Key Facts
- The U.S. unemployment rate was 3.5% in 2019, a 50-year low.
- Unemployment spiked to 14.7% in April 2020 due to the COVID-19 pandemic.
- The Federal Reserve aims for an unemployment rate around 4% as part of its dual mandate.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted unemployment rate measures the percentage of the U.S. labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of labor market health and overall economic performance, providing insights into consumer demand, business activity, and the direction of the economy.
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 Federal Reserve monetary policy decisions and is closely monitored by policymakers, economists, and market participants.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a short lag, providing timely information on labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN55MASEA156S), retrieved from FRED.