Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for OECD
Seasonally Adjusted
OECDLRUN55MASTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.53
Year-over-Year Change
-13.03%
Date Range
7/1/2010 - 1/1/2025
Summary
The 'Seasonally Adjusted' economic indicator measures the unemployment rate in the United States, adjusting for regular seasonal variations in employment. This key metric helps policymakers and analysts understand underlying labor market 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
The 'Seasonally Adjusted' unemployment rate provides a more accurate picture of the U.S. job market by accounting for predictable changes due to weather, holidays, and other seasonal factors. It is a widely-used indicator of economic health and a crucial input for monetary and fiscal policy decisions.
Methodology
The data is collected through household surveys and adjusted using statistical models to remove seasonal influences.
Historical Context
Policymakers, economists, and investors closely monitor the seasonally adjusted unemployment rate to gauge the strength of the U.S. economy.
Key Facts
- The U.S. unemployment rate was 3.5% in 2019, a 50-year low.
- Seasonal adjustment accounts for predictable changes like holiday hiring.
- The unemployment rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Seasonally Adjusted' indicator measures the U.S. unemployment rate with predictable seasonal variations removed, providing a clearer picture of underlying labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The seasonally adjusted unemployment rate is a crucial input for economic policymaking and market analysis, helping to identify true labor market trends beyond temporary, seasonal fluctuations.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and adjusted using statistical models to remove seasonal influences.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, closely monitor the seasonally adjusted unemployment rate to inform monetary and fiscal policies aimed at promoting full employment and price stability.
Q: Are there update delays or limitations?
A: The seasonally adjusted unemployment data is published monthly by the U.S. Bureau of Labor Statistics, with a short lag time. However, seasonal adjustments may be revised as more data becomes available.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (OECDLRUN55MASTSAQ), retrieved from FRED.