Monthly
This dataset tracks monthly over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1947 - 9/1/2022
Summary
The 'Monthly' trend measures the average duration of unemployment in the United States, which is a key indicator of labor market conditions and the overall strength of the economy.
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
The 'Monthly' trend represents the average number of weeks that unemployed individuals have been jobless. This statistic is closely monitored by economists and policymakers to gauge the health of the labor market and the broader economic landscape.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly household survey.
Historical Context
The average duration of unemployment is a valuable metric used to inform economic policy decisions and shape market expectations.
Key Facts
- The average duration of unemployment reached a peak of 40.7 weeks during the Great Recession.
- Prolonged unemployment can have significant personal and societal impacts, leading to loss of skills and reduced earning potential.
- Monitoring the average duration of unemployment helps policymakers assess the effectiveness of labor market interventions and economic stimulus measures.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the average duration of unemployment in the United States, which indicates how long workers have been without a job.
Q: Why is this trend relevant for users or analysts?
A: The average duration of unemployment is a crucial indicator of labor market conditions and the overall strength of the economy, informing policy decisions and market expectations.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly household survey.
Q: How is this trend used in economic policy?
A: The average duration of unemployment is used by economists and policymakers to assess the effectiveness of labor market interventions and economic stimulus measures.
Q: Are there update delays or limitations?
A: The 'Monthly' trend data is released by the U.S. Bureau of Labor Statistics on a monthly basis, with minimal delays, providing timely insights into labor market conditions.
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Citation
U.S. Federal Reserve, Monthly (USARECM), retrieved from FRED.