Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Range, Low
This dataset tracks longer run fomc summary of economic projections for the civilian unemployment rate, range, low over time.
Latest Value
3.50
Year-over-Year Change
0.00%
Date Range
2/18/2009 - 6/18/2025
Summary
The Longer Run FOMC Summary of Economic Projections tracks the Federal Reserve's long-term unemployment rate expectations. This metric provides crucial insights into anticipated labor market conditions.
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 projection represents the Federal Open Market Committee's forward-looking estimate of the lowest potential unemployment rate. It helps economists and policymakers understand structural economic expectations.
Methodology
Data collected through Federal Reserve economic forecasting models and expert panel assessments.
Historical Context
Used in monetary policy planning and long-term economic strategy development.
Key Facts
- Represents long-term unemployment rate expectations
- Updated quarterly by FOMC experts
- Critical for monetary policy planning
FAQs
Q: What does the UNRATERLLR series represent?
A: It shows the Federal Reserve's lowest expected long-term unemployment rate. Helps predict future 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 guide monetary policy decisions and provide insights into potential economic performance.
Q: How accurate are these long-term projections?
A: Projections are expert estimates and can change based on economic conditions and new data.
Q: Who uses these unemployment rate projections?
A: Policymakers, economists, investors, and financial analysts rely on these forecasts.
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Citation
U.S. Federal Reserve, Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Range, Low (UNRATERLLR), retrieved from FRED.