Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Turkiye
Annual, Seasonally Adjusted
LRUN64TTTRA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.90
Year-over-Year Change
6.27%
Date Range
1/1/2006 - 1/1/2024
Summary
The U.S. Unemployment Rate, Seasonally Adjusted, measures the percentage of the total labor force that is unemployed but actively seeking employment and available for work.
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
This widely-followed economic indicator provides insights into the overall health of the U.S. labor market and is closely monitored by policymakers, economists, and investors to assess economic conditions and inform policy decisions.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly survey of households conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a key barometer of economic performance and is used to guide monetary and fiscal policy.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The unemployment rate has averaged around 5.8% over the past 50 years.
- The unemployment rate is a lagging indicator, often rising after the start of a recession and falling after an economic recovery begins.
FAQs
Q: What does this economic trend measure?
A: The U.S. Unemployment Rate, Seasonally Adjusted, measures the percentage of the total labor force that is unemployed but actively seeking employment and available for work.
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, and is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly survey of households conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for monetary and fiscal policy decisions, as it provides insights into the strength of the labor market and overall economic conditions.
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 lag of about one month.
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Citation
U.S. Federal Reserve, Unemployment Rate, Seasonally Adjusted (LRUN64TTTRA156S), retrieved from FRED.