Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Slovak Republic
Annual, Not Seasonally Adjusted
LRUN55TTSKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.40
Year-over-Year Change
-69.37%
Date Range
1/1/1999 - 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 labor market dynamics and trends.
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 is a key indicator of the overall health and performance of the U.S. labor market. It represents the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this trend to inform decisions around monetary and fiscal policies.
Key Facts
- The annual unemployment rate was 3.7% in 2022.
- The rate has declined from a peak of 9.6% in 2010 following the Great Recession.
- Tracking the annual trend provides insights into long-term labor market health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, representing the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate is a key indicator of long-term labor market performance and helps inform economic policymaking and analysis.
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: Policymakers and economists closely monitor this trend to inform decisions around monetary and fiscal policies that aim to promote full employment and economic stability.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published with a brief delay, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55TTSKA156N), retrieved from FRED.