FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Range, Low
This dataset tracks fomc summary of economic projections for the civilian unemployment rate, range, low over time.
Latest Value
4.00
Year-over-Year Change
-6.98%
Date Range
1/1/2025 - 1/1/2027
Summary
Federal Open Market Committee's low-end projection for national unemployment rate. Critical indicator 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 the lower boundary of FOMC's economic forecasts for unemployment. Helps predict potential labor market conditions.
Methodology
Calculated through FOMC's quarterly economic projection surveys.
Historical Context
Guides Federal Reserve's monetary policy and interest rate decisions.
Key Facts
- Provides forward-looking unemployment estimate
- Integral to Federal Reserve's policy decisions
- Updated quarterly with economic projections
FAQs
Q: What does UNRATERL represent?
A: The lowest projected unemployment rate in FOMC's economic summary of projections.
Q: How do these projections impact economic policy?
A: They guide monetary policy decisions like interest rates and economic stimulus measures.
Q: Who creates these unemployment projections?
A: Federal Open Market Committee economists develop these quarterly forecasts.
Q: How reliable are these unemployment projections?
A: Projections are expert estimates based on current economic data and trends.
Q: How frequently are these projections updated?
A: FOMC updates economic projections quarterly during scheduled meetings.
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Similar UNRATERL Trends
Citation
U.S. Federal Reserve, FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Range, Low (UNRATERL), retrieved from FRED.