Quarterly
ULQBBV05SKQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,174,777,527.50
Year-over-Year Change
3.65%
Date Range
1/1/1993 - 10/1/2010
Summary
The Quarterly Unemployment Level trend tracks the total number of unemployed persons in the United States on a quarterly basis. This metric is a key indicator of labor market conditions and overall economic health.
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 Unemployment Level represents the total number of individuals aged 16 and older who are jobless, actively seeking work, and available for employment. This statistic is a widely referenced measure of labor market slack and a leading indicator for policymakers and economists.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Quarterly unemployment levels help inform monetary and fiscal policy decisions aimed at promoting full employment and stable economic growth.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The average quarterly unemployment level in the U.S. from 2010-2019 was 12.4 million.
- Unemployment is a lagging economic indicator, typically rising after the onset of a recession.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Unemployment Level trend tracks the total number of unemployed persons in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Quarterly unemployment levels are a key indicator of labor market conditions and overall economic health, informing policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), 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: Quarterly unemployment levels help inform monetary and fiscal policy decisions aimed at promoting full employment and stable economic growth.
Q: Are there update delays or limitations?
A: The Quarterly Unemployment Level data is released with a lag, typically several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Unemployment Level (ULQBBV05SKQ189N), retrieved from FRED.