Annual, Not Seasonally Adjusted
SMU53000004244600001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.80
Year-over-Year Change
9.88%
Date Range
1/1/1990 - 1/1/2021
Summary
This series measures the annual, not seasonally adjusted unemployment rate in the United States. It provides important insights into long-term labor market trends and is a key indicator used by economists and 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 annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is without a job but actively seeking employment over a 12-month period. This metric is widely used to analyze broad labor market health and long-term employment patterns.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for monetary and fiscal policy decisions made by the Federal Reserve and government.
Key Facts
- The annual unemployment rate averaged 5.9% in the U.S. in 2021.
- The rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The series dates back to 1972 and is updated monthly by the BLS.
FAQs
Q: What does this economic trend measure?
A: The annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical indicator of overall labor market health and a key input for economic policy decisions made by the Federal Reserve and government.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population 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 unemployment rate is a crucial data point used by the Federal Reserve and government in monetary and fiscal policy decisions to manage employment, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The series is updated monthly by the Bureau of Labor Statistics with no significant delays, providing timely insight into U.S. labor market trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU53000004244600001A), retrieved from FRED.