All Employees: Leisure and Hospitality in Massachusetts
Annual, Not Seasonally Adjusted
SMU25000007000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
363.00
Year-over-Year Change
11.18%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the annual average of the national unemployment rate in the United States. This key economic indicator provides insight into 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
This annual, unadjusted unemployment rate statistic represents the percentage of the total civilian labor force that is jobless and actively seeking work. It is a widely-watched metric used by economists, policymakers, and analysts to assess economic conditions and trends.
Methodology
The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a critical factor in shaping economic, fiscal, and monetary policies.
Key Facts
- The annual unemployment rate averaged 5.3% in 2022.
- The highest annual unemployment rate in the last 50 years was 9.7% in 2010.
- The annual unemployment rate has declined steadily since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the annual average of the national unemployment rate in the United States, representing the percentage of the total civilian labor force that is jobless and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical indicator of the overall health of the labor market and the broader economy, and is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key factor in shaping economic, fiscal, and monetary policies, as it provides insight into the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is typically released with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU25000007000000001A), retrieved from FRED.