All Employees: Goods Producing in Louisiana
Annual
SMU22000000600000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
310.30
Year-over-Year Change
-4.41%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual Unemployment Rate measures the annual average percentage of the civilian labor force that is unemployed in the United States. This key economic indicator provides insights into labor market conditions and helps inform policy decisions.
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 Unemployment Rate is a widely-tracked metric that represents the yearly average of the monthly unemployment rate. It is a key statistic used by economists, policymakers, and analysts to assess the overall health and performance of the U.S. labor market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Historical Context
The Annual Unemployment Rate is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy.
Key Facts
- The annual unemployment rate in the U.S. was 3.7% in 2019.
- The rate peaked at 14.7% in 2020 due to the COVID-19 pandemic.
- Historically, the annual rate has ranged from around 3-10% since 1948.
FAQs
Q: What does this economic trend measure?
A: The Annual Unemployment Rate measures the yearly average percentage of the civilian labor force that is unemployed in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual Unemployment Rate is a key indicator of labor market conditions and economic performance, providing valuable insights for policymakers, businesses, and individuals.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Q: How is this trend used in economic policy?
A: The Annual Unemployment Rate is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual Unemployment Rate data is typically released on a monthly basis with a short delay, providing a timely snapshot of labor market conditions.
Related Trends
Monthly State Retail Sales: Food and Beverage Stores in Louisiana
MSRSLA445
Housing Inventory: Active Listing Count in Louisiana
ACTLISCOULA
Chain-Type Quantity Index for Real GDP: Legal Services (5411) in Louisiana
LALEGALQGSP
Average Weekly Hours of All Employees: Goods Producing in Louisiana
SMU22000000600000002
Gross Domestic Product: Construction (23) in Louisiana
LACONSTNQGSP
Gross Domestic Product: Air Transportation (481) in Louisiana
LAAIRTRANNGSP
Citation
U.S. Federal Reserve, Annual Unemployment Rate (SMU22000000600000001A), retrieved from FRED.