Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Median
This dataset tracks longer run fomc summary of economic projections for the civilian unemployment rate, median over time.
Latest Value
4.20
Year-over-Year Change
5.00%
Date Range
6/17/2015 - 6/18/2025
Summary
Federal Open Market Committee's long-term unemployment rate projection. Provides critical forward-looking economic forecasting for monetary policy planning.
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
Represents median estimate of expected long-term unemployment rate from FOMC economic projections.
Methodology
Compiled through consensus estimates from Federal Reserve Board members and regional bank presidents.
Historical Context
Guides monetary policy decisions and provides insight into expected labor market conditions.
Key Facts
- Represents consensus view of long-term unemployment
- Updated quarterly with FOMC economic projections
- Critical tool for economic policy planning
FAQs
Q: What does this FOMC projection represent?
A: Median long-term unemployment rate expectation from Federal Reserve economic experts.
Q: How often is this projection updated?
A: Typically updated quarterly during FOMC economic projection releases.
Q: Why is this projection important?
A: Provides insight into Federal Reserve's economic outlook and potential monetary policy approaches.
Q: How accurate are these long-term projections?
A: Projections provide informed estimates but are subject to economic uncertainty and changing conditions.
Q: Who uses these unemployment projections?
A: Economists, policymakers, investors, and financial analysts use these projections for strategic planning.
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Citation
U.S. Federal Reserve, Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Median (UNRATEMDLR), retrieved from FRED.