Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for United States
Annual
LRUNTTTTUSA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.02
Year-over-Year Change
-50.21%
Date Range
1/1/1955 - 1/1/2024
Summary
The Annual employment rate measures the percentage of the total U.S. labor force that is employed. It is a key indicator of overall economic health and labor market conditions.
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 employment rate tracks the share of the civilian labor force that is currently employed in the United States. It is a closely watched metric that provides insight into the strength and resilience of the national job market.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists use the annual employment rate to assess the state of the labor market and inform economic policies.
Key Facts
- The annual employment rate reached a high of 63.4% in 2000.
- The rate dropped to 58.5% during the Great Recession in 2010.
- As of 2022, the annual employment rate stands at 60.1%.
FAQs
Q: What does this economic trend measure?
A: The Annual employment rate measures the percentage of the total U.S. labor force that is employed. It is a key indicator of overall economic health and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The annual employment rate provides important insights into the strength and resilience of the national job market, making it a closely watched metric for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the annual employment rate to assess the state of the labor market and inform economic policies, such as those related to employment, taxation, and social welfare.
Q: Are there update delays or limitations?
A: The annual employment rate data is released with a short delay, typically a few months after the end of the calendar year. There may also be revisions to historical data as new information becomes available.
Related Trends
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International Trade: Exports: Value (Goods): Total for United States
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Infra-Annual Labor Statistics: Working-Age Population Female: From 25 to 54 Years for United States
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International Trade: Net Trade: Value (Goods): Total for United States
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for United States
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Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United States
IRLTLT01USM156N
Citation
U.S. Federal Reserve, Annual (LRUNTTTTUSA156N), retrieved from FRED.