FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Median
This dataset tracks fomc summary of economic projections for the civilian unemployment rate, median over time.
Latest Value
4.40
Year-over-Year Change
-2.22%
Date Range
1/1/2025 - 1/1/2027
Summary
Represents the Federal Open Market Committee's median projection for civilian unemployment rate. Provides critical forward-looking economic insight.
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 metric reflects FOMC economists' consensus expectations for national unemployment. Helps predict future labor market conditions.
Methodology
Compiled through FOMC members' quarterly economic projections.
Historical Context
Critical tool for monetary policy planning and economic forecasting.
Key Facts
- Represents expert consensus on future unemployment
- Updated quarterly by FOMC economists
- Crucial for monetary policy decisions
FAQs
Q: What does UNRATEMD represent?
A: The Federal Reserve's median projection for national unemployment rate. Provides forward-looking economic insight.
Q: How often is UNRATEMD updated?
A: Quarterly updates reflect FOMC members' latest economic projections.
Q: Why is this projection important?
A: Guides monetary policy decisions and provides economic forecasting insights.
Q: How accurate are these projections?
A: Represent expert consensus but are subject to economic uncertainties and changing conditions.
Q: Who uses UNRATEMD data?
A: Policymakers, economists, investors, and researchers use this projection for economic planning.
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Similar UNRATEMD Trends
Citation
U.S. Federal Reserve, FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Median (UNRATEMD), retrieved from FRED.