Quarterly
ULQBBC08LUQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,614,057,598.90
Year-over-Year Change
8.11%
Date Range
1/1/1995 - 7/1/2011
Summary
The Quarterly Civilian Unemployment Rate measures the percentage of the U.S. civilian labor force that is unemployed but actively seeking work. This key labor market indicator is closely monitored 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 Quarterly Civilian Unemployment Rate, published by the U.S. Bureau of Labor Statistics, tracks the proportion of the civilian labor force that is jobless but actively searching for employment. It is a widely followed metric for assessing the health and dynamics of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the Census Bureau.
Historical Context
The unemployment rate is a vital input for Federal Reserve monetary policy decisions and is closely watched by financial markets.
Key Facts
- The U.S. unemployment rate averaged 5.4% in 2022.
- Unemployment tends to rise during economic recessions.
- The lowest recorded U.S. unemployment rate was 3.5% in 2019.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Civilian Unemployment Rate measures the percentage of the U.S. civilian labor force that is unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market health and a vital input for economic policymaking and financial market analysis.
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.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by the Federal Reserve and is a key factor in its monetary policy decisions, such as setting interest rates.
Q: Are there update delays or limitations?
A: The Quarterly Civilian Unemployment Rate is released with a short lag, typically around one month after the end of the reference quarter.
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Citation
U.S. Bureau of Labor Statistics, Quarterly Civilian Unemployment Rate (ULQBBC08LUQ189N), retrieved from FRED.