Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Switzerland
Annual, Not Seasonally Adjusted
LRUNTTTTCHA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.34
Year-over-Year Change
-3.20%
Date Range
1/1/2010 - 1/1/2024
Summary
This series measures the annual unemployment rate in the United States, not adjusted for seasonal variations. It is a key indicator of the overall health and performance of the U.S. 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, not seasonally adjusted unemployment rate represents the share of the civilian labor force that is jobless. It is an important macroeconomic indicator used by policymakers, analysts, and researchers to assess the state of the economy and labor market conditions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
This series is widely followed and referenced by the Federal Reserve, Congress, and private sector economists when evaluating economic and labor market trends.
Key Facts
- The annual unemployment rate peaked at 14.7% in 2020 due to the COVID-19 pandemic.
- The lowest annual unemployment rate on record was 2.5% in 1953.
- The annual unemployment rate averaged 5.7% from 2010 to 2019.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted unemployment rate in the United States, representing the share of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a key indicator of the overall health and performance of the U.S. labor market, making it highly relevant for policymakers, economists, and analysts.
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: This series is widely followed and referenced by the Federal Reserve, Congress, and private sector economists when evaluating economic and labor market trends and informing policy decisions.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is typically published with a short delay and may not capture the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUNTTTTCHA156N), retrieved from FRED.