Global price of Aluminum
Quarterly
PALUMUSDQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,447.03
Year-over-Year Change
-15.25%
Date Range
1/1/1990 - 4/1/2025
Summary
The Quarterly Unemployment Rate measures the percentage of the U.S. civilian labor force that is unemployed and actively seeking work. It is a key indicator of economic health and a focus for 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 Quarterly Unemployment Rate, published by the U.S. Bureau of Labor Statistics, tracks the share of the labor force that is jobless but available and searching for employment. It is a widely cited metric for evaluating the strength of the U.S. economy.
Methodology
The data is collected through monthly household surveys conducted by the Census Bureau on behalf of the BLS.
Historical Context
The unemployment rate is a crucial input for the Federal Reserve and other policymakers when assessing economic conditions and guiding monetary and fiscal policy.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The unemployment rate is a lagging economic indicator, often declining after other measures of growth have improved.
- Long-term unemployment is a persistent challenge, with millions out of work for 27 weeks or more.
FAQs
Q: What does the Quarterly Unemployment Rate measure?
A: The Quarterly Unemployment Rate tracks the percentage of the U.S. civilian labor force that is jobless but actively seeking employment.
Q: Why is the unemployment rate relevant for users or analysts?
A: The unemployment rate is a key barometer of economic health and a focus for policymakers and markets in evaluating the strength of the labor market and broader economy.
Q: How is the unemployment rate data collected or calculated?
A: The data is collected through monthly household surveys conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is the unemployment rate used in economic policy?
A: The unemployment rate is a crucial input for the Federal Reserve and other policymakers when assessing economic conditions and guiding monetary and fiscal policy decisions.
Q: Are there update delays or limitations with the unemployment rate data?
A: The unemployment rate data is published on a quarterly basis with a short lag, providing timely insights but not real-time information.
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Citation
U.S. Bureau of Labor Statistics, Quarterly Unemployment Rate (PALUMUSDQ), retrieved from FRED.