Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Czechia
Annual, Not Seasonally Adjusted
LRUN64TTCZA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.68
Year-over-Year Change
-62.06%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the annual unemployment rate in the United States, a key indicator of labor market conditions 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, not seasonally adjusted unemployment rate provides a comprehensive overview of the U.S. labor market over a 12-month period. It is a widely followed statistic used by economists, policymakers, and analysts to assess the overall health of the economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The U.S. annual unemployment rate reached a high of 9.6% in 2010.
- In 2021, the annual unemployment rate was 5.3%.
- The unemployment rate is a lagging economic indicator, meaning it tends to rise after a recession has already begun.
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 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 the overall health of the labor market and the broader economy. It is closely monitored by policymakers, economists, and investors to assess economic conditions and guide 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 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 monetary and fiscal policy decisions, as policymakers aim to maintain full employment and price stability.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is released with a brief delay, as it is calculated based on the monthly Current Population Survey data. There may also be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN64TTCZA156N), retrieved from FRED.