Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for OECD
Seasonally Adjusted
OECDLFUNTTTTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,408,570.00
Year-over-Year Change
-1.90%
Date Range
7/1/2010 - 1/1/2025
Summary
The Seasonally Adjusted series tracks fluctuations in economic activity over time, removing the typical seasonal patterns to reveal underlying trends.
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
Seasonal adjustment is a statistical technique used to account for regular, predictable changes in economic time series data. This helps analysts identify the true economic signal rather than seasonal noise.
Methodology
The data is adjusted using the X-13ARIMA-SEATS method developed by the U.S. Census Bureau.
Historical Context
Seasonally adjusted data is widely used by policymakers, analysts, and researchers to monitor and interpret economic conditions.
Key Facts
- Seasonal adjustment removes recurring fluctuations like holidays and weather.
- Seasonally adjusted data allows for more accurate economic forecasting.
- Many key economic indicators are reported in both raw and seasonally adjusted formats.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series tracks fluctuations in economic activity over time, removing the typical seasonal patterns to reveal underlying trends.
Q: Why is this trend relevant for users or analysts?
A: Seasonally adjusted data is essential for accurately monitoring and interpreting economic conditions, as it removes recurring fluctuations that can obscure true trends.
Q: How is this data collected or calculated?
A: The data is adjusted using the X-13ARIMA-SEATS method developed by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Seasonally adjusted data is widely used by policymakers, analysts, and researchers to monitor and interpret economic conditions, informing policy decisions.
Q: Are there update delays or limitations?
A: The seasonally adjusted data is subject to revision as new information becomes available, and may have a short publication delay compared to raw data.
Related Trends
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for OECD
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Citation
U.S. Federal Reserve, Seasonally Adjusted (OECDLFUNTTTTSTSAQ), retrieved from FRED.