Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Russia
Annual, Seasonally Adjusted
LRUN74TTRUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.82
Year-over-Year Change
-42.45%
Date Range
1/1/1993 - 1/1/2021
Summary
The 'Annual, Seasonally Adjusted' series measures the national unemployment rate in the United States on a yearly basis, adjusted for seasonal variations. This key economic indicator is closely watched by policymakers, analysts, and the public to assess the health 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 annual, seasonally adjusted unemployment rate represents the percentage of the total civilian labor force that is jobless but actively seeking employment and available for work. This long-running data series is a vital metric for evaluating macroeconomic conditions and guiding policy decisions.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for the Federal Reserve and other policymakers when setting monetary and fiscal policies aimed at achieving full employment and price stability.
Key Facts
- The U.S. unemployment rate averaged 5.7% in 2022.
- The lowest recorded annual unemployment rate was 2.5% in 1953.
- High unemployment is associated with recessions and economic downturns.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' series measures the percentage of the total U.S. civilian labor force that is jobless but actively seeking employment and available for work on a yearly basis, with adjustments made for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical economic indicator that provides insights into the overall health of the labor market and broader economy. It is closely monitored by policymakers, businesses, and the public to inform decision-making and assess macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household 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 the Federal Reserve and other policymakers when setting monetary and fiscal policies aimed at achieving full employment and price stability. It is a crucial indicator of the overall health of the labor market and broader economy.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate data is published with a relatively short delay, typically within a few weeks after the end of the calendar year. However, the data may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN74TTRUA156S), retrieved from FRED.