Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Midpoint
This dataset tracks longer run fomc summary of economic projections for the civilian unemployment rate, central tendency, midpoint over time.
Latest Value
4.15
Year-over-Year Change
7.79%
Date Range
2/18/2009 - 6/18/2025
Summary
The Longer Run FOMC Summary of Economic Projections provides a central tendency forecast for civilian unemployment. This metric offers crucial insights into long-term labor market expectations.
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 economic projection represents the Federal Open Market Committee's midpoint estimate for unemployment over an extended time horizon. It helps economists and policymakers understand potential labor market trends.
Methodology
Data collected through FOMC economic projection surveys of committee members and staff.
Historical Context
Used by policymakers to inform monetary policy and economic planning strategies.
Key Facts
- Represents long-term unemployment expectations
- Updated quarterly by FOMC
- Critical input for economic policy decisions
FAQs
Q: What does the UNRATECTMLR series represent?
A: It shows the Federal Reserve's central tendency projection for long-term unemployment rates. Provides insight into expected labor market conditions.
Q: How often is this projection updated?
A: The FOMC updates these projections quarterly during their economic assessment meetings.
Q: Why are these unemployment projections important?
A: They help guide monetary policy and provide a benchmark for economic expectations and potential interventions.
Q: How do economists use this data?
A: Analysts use these projections to understand potential future labor market conditions and economic trends.
Q: Are these projections always accurate?
A: Projections are estimates and can change based on economic conditions. They represent informed expectations, not guarantees.
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Citation
U.S. Federal Reserve, Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Midpoint (UNRATECTMLR), retrieved from FRED.