Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for OECD
OECDLRHUTTTTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.91
Year-over-Year Change
-1.04%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic indicator measures the monthly unemployment rate for the total population aged 15 and over in OECD countries. It provides key insights into labor market dynamics and is widely used by economists and policymakers.
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 monthly unemployment rate is a leading indicator of economic performance, reflecting the balance between labor supply and demand. This OECD-based series offers a standardized, internationally comparable measure of unemployment across major developed economies.
Methodology
The data is collected through household labor force surveys conducted by national statistical agencies.
Historical Context
Policymakers and central banks closely monitor this indicator to assess employment conditions and guide macroeconomic policies.
Key Facts
- Unemployment rate is a key metric of economic health.
- OECD countries account for over 60% of global GDP.
- Data is released monthly with a short lag.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the monthly unemployment rate for the total population aged 15 and over across OECD countries.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a leading indicator of economic performance and a key input for policymakers and analysts assessing labor market conditions and guiding macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by national statistical agencies in OECD member countries.
Q: How is this trend used in economic policy?
A: Central banks and government policymakers closely monitor this indicator to assess employment conditions and inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely insights into labor market dynamics.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for OECD (OECDLRHUTTTTSTSAM), retrieved from FRED.