Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Sweden
Annual, Seasonally Adjusted
LRUNTTTTSEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.30
Year-over-Year Change
4.10%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total unemployment rate in the United States. This key economic indicator provides insight into the overall 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
This series represents the total civilian unemployment rate in the U.S., adjusted for seasonal variations. It is a widely-tracked metric used by economists, policymakers, and investors to assess the strength of the economy and guide policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for the Federal Reserve and other government agencies when setting monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest unemployment rate on record was 3.5% in 2019.
- Unemployment is a lagging economic indicator, meaning it often lags behind other measures of economic performance.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the total civilian unemployment rate in the United States, providing insight into the overall health of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial economic indicator used by policymakers, economists, and investors to assess the strength of the economy and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. 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 government agencies when setting monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly with a relatively short lag, making it a timely indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUNTTTTSEA156S), retrieved from FRED.