FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Range, Midpoint
This dataset tracks fomc summary of economic projections for the civilian unemployment rate, range, midpoint over time.
Latest Value
4.35
Year-over-Year Change
-2.25%
Date Range
1/1/2025 - 1/1/2027
Summary
The FOMC Summary of Economic Projections tracks potential unemployment rate ranges. This forward-looking indicator helps policymakers and economists anticipate labor market trends.
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 expert forecast of unemployment. It provides critical insights into expected labor market conditions.
Methodology
Calculated through expert consensus among FOMC members using economic modeling techniques.
Historical Context
Used by policymakers to inform monetary policy and economic strategy decisions.
Key Facts
- Represents expert economic projections
- Updated quarterly by FOMC
- Critical input for monetary policy decisions
FAQs
Q: What does the UNRATERM series represent?
A: It shows the Federal Reserve's projected unemployment rate range. Helps economists and policymakers understand potential labor market conditions.
Q: How often are these projections updated?
A: The FOMC updates these projections quarterly during their economic assessment meetings.
Q: Why are these unemployment projections important?
A: They provide critical insights for monetary policy, investment strategies, and economic planning.
Q: How accurate are these unemployment projections?
A: Projections are expert estimates and can vary based on changing economic conditions.
Q: Who uses these unemployment projections?
A: Policymakers, economists, investors, and financial analysts rely on these forecasts.
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Similar UNRATERM Trends
Citation
U.S. Federal Reserve, FOMC Summary of Economic Projections for the Civilian Unemployment Rate (UNRATERM), retrieved from FRED.