Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Canada
Annual, Not Seasonally Adjusted
LRUN55TTCAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.11
Year-over-Year Change
-21.24%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides important insights into long-term employment dynamics.
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 U.S. civilian labor force that is jobless. This metric is closely monitored by economists and policymakers to assess the overall health of the labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a key indicator used to inform economic and monetary policy decisions.
Key Facts
- The annual unemployment rate in the U.S. peaked at 14.7% in 2020 due to the COVID-19 pandemic.
- The long-term average annual unemployment rate from 1948 to 2022 is 5.8%.
- The lowest annual unemployment rate on record was 2.5% in 1953.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a crucial indicator of labor market health and economic performance, providing insights that inform policy decisions.
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.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key metric used by policymakers, central banks, and economists to assess the state of the economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is released on a regular schedule with minimal delays.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55TTCAA156N), retrieved from FRED.