Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Russia
Quarterly, Not Seasonally Adjusted
LRUNTTTTRUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.29
Year-over-Year Change
-10.48%
Date Range
10/1/2009 - 10/1/2021
Summary
This economic indicator measures the U.S. unemployment rate on a quarterly, non-seasonally adjusted basis. It provides key insights into the overall health and trends 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 Quarterly, Not Seasonally Adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. This metric is a critical barometer used by policymakers, analysts, and economists to assess the state of the economy.
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
The unemployment rate is a central input for monetary and fiscal policy decisions made by the Federal Reserve and government.
Key Facts
- The U.S. unemployment rate averaged 5.8% in 2022.
- Unemployment tends to rise during economic recessions.
- The lowest recorded U.S. unemployment rate was 2.5% in 1953.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of the U.S. civilian labor force that is jobless but actively seeking employment on a quarterly, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical barometer of the overall health of the labor market and economy, used by policymakers, economists, and market analysts to inform 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 made by the Federal Reserve and government to promote full employment and economic stability.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay to allow for thorough data collection and analysis.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRUNTTTTRUQ156N), retrieved from FRED.