All Employees: Information: Telecommunications in Maryland
Annual
SMU24000005051700001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.60
Year-over-Year Change
-37.66%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual average unemployment rate in the United States. This key economic indicator is closely monitored by policymakers, economists, and investors to assess the overall health of the labor market.
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 trend represents the average unemployment rate over a 12-month period, providing a comprehensive view of the labor force participation and economic conditions. It is a crucial metric used to evaluate employment trends, guide policy decisions, and analyze macroeconomic performance.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The Annual unemployment rate is a fundamental input for Federal Reserve monetary policy and influences a wide range of economic forecasts and market expectations.
Key Facts
- The annual average unemployment rate in the U.S. was 3.7% in 2022.
- The annual unemployment rate reached a peak of 14.7% in 2020 due to the COVID-19 pandemic.
- The U.S. has maintained an annual unemployment rate below 5% for most of the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average unemployment rate in the United States over a 12-month period, providing a comprehensive view of the labor market's performance.
Q: Why is this trend relevant for users or analysts?
A: The Annual unemployment rate is a crucial economic indicator used by policymakers, economists, and investors to assess the overall health of the labor market and guide economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual unemployment rate is a fundamental input for Federal Reserve monetary policy and influences a wide range of economic forecasts and market expectations.
Q: Are there update delays or limitations?
A: The Annual unemployment rate data is typically released with a one-month lag, and may be subject to revisions as more comprehensive information becomes available.
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Citation
U.S. Federal Reserve, Annual (SMU24000005051700001A), retrieved from FRED.