Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Slovak Republic
Annual, Seasonally Adjusted
LRUN55TTSKA156S • 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 unemployment rate for the United States on an annual, seasonally adjusted basis. It is a key indicator of labor market conditions and overall economic health.
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 tracks the percentage of the civilian labor force that is jobless, providing insight into the strength of the U.S. economy. It is widely monitored by policymakers, economists, and market analysts.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial metric used to inform economic and monetary policy decisions.
Key Facts
- The current annual, seasonally adjusted unemployment rate is XX.X%.
- Unemployment rates tend to rise during economic recessions and fall during periods of growth.
- The unemployment rate is a lagging economic indicator, meaning it changes after broader economic conditions have shifted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, 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 unemployment rate is a crucial indicator of labor market conditions and overall economic health, providing important insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key metric used to inform economic and monetary policy decisions, as it reflects the strength of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate data is typically released with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN55TTSKA156S), retrieved from FRED.