Civilian Labor Force in Utah
Monthly, Seasonally Adjusted
UTLF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,845,788.00
Year-over-Year Change
0.64%
Date Range
1/1/1976 - 6/1/2025
Summary
The Civilian Unemployment Rate measures the percentage of the U.S. labor force that is unemployed but actively seeking work. It is a key economic indicator closely watched by policymakers and analysts.
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 Civilian Unemployment Rate is a widely used measure of labor market health and economic activity. It represents the share of the total labor force that is jobless but actively seeking employment.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a vital metric for the Federal Reserve and other policymakers in assessing the strength of the economy and guiding policy decisions.
Key Facts
- The U.S. unemployment rate was 3.5% as of December 2022.
- The unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The lowest unemployment rate on record is 2.5%, which occurred in 1953.
FAQs
Q: What does the Civilian Unemployment Rate measure?
A: The Civilian Unemployment Rate measures the percentage of the U.S. labor force that is unemployed but actively seeking work.
Q: Why is the unemployment rate relevant for users or analysts?
A: The unemployment rate is a key indicator of the health of the labor market and the broader economy, and is closely watched by policymakers, economists, and investors.
Q: How is the unemployment rate data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is the unemployment rate used in economic policy?
A: The unemployment rate is a vital metric for the Federal Reserve and other policymakers in assessing the strength of the economy and guiding policy decisions, such as setting interest rates.
Q: Are there any update delays or limitations with the unemployment rate data?
A: The unemployment rate data is released by the Bureau of Labor Statistics on a monthly basis, with a slight delay from the reference month.
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Citation
U.S. Federal Reserve, Civilian Unemployment Rate (UTLF), retrieved from FRED.