Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 64 Years for Denmark
Annual, Seasonally Adjusted
LRUN64MADKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.05
Year-over-Year Change
-25.08%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the total unemployment rate in the United States, adjusted for seasonal variations. It is a key indicator used by policymakers and economists to assess the strength of the labor market.
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 U.S. total unemployment rate, seasonally adjusted, is a widely tracked economic indicator that provides insights into the overall health of the labor force. It represents the percentage of the total labor force that is jobless but actively seeking employment.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a critical metric used by the Federal Reserve and other policymakers to inform economic policies and decisions.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The unemployment rate has gradually declined since peaking in 2020, reaching 3.5% as of January 2023.
- Long-term unemployment, defined as joblessness for 27 weeks or more, remains a concern for policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate in the United States, adjusted for seasonal variations. It represents the percentage of the total 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 key indicator of the overall health of the labor market and the broader economy. It is closely monitored by policymakers, economists, and market participants to inform economic policies and investment decisions.
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: The unemployment rate is a critical metric used by the Federal Reserve and other policymakers to inform monetary policy decisions, such as adjusting interest rates, and to assess the overall strength of the labor market and the broader economy.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of about two to three weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN64MADKA156S), retrieved from FRED.