((Unemployment Level-Number Unemployed for 27 Weeks & over)*100/Civilian Labor Force Level)+10-Year Treasury Constant Maturity Minus Federal Funds Rate

Notes

Source: U.S. Bureau of Labor Statistics

Units: Thousands of Persons, Seasonally Adjusted

Frequency: Monthly

Notes:

The series comes from the 'Current Population Survey (Household Survey)'
The source code is: LNS13000000

The Unemployment Level is the aggregate measure of people currently unemployed in the US. Someone in the labor force is defined as unemployed if they were not employed during the survey reference week, were available for work, and made at least one active effort to find a job during the 4-week survey period.

The Unemployment Level is collected in the CPS and published by the BLS. It is provided on a monthly basis, so this data is used in part by macroeconomists as an initial economic indicator of current trends. The Unemployment Level helps government agencies, financial markets, and researchers gauge the overall health of the economy.

Note that individuals that are not employed but not actively looking for a job are not counted as unemployed. For instance, declines in the Unemployment Level may either reflect movements of unemployed individuals into the labor force because they found a job, or movements of unemployed individuals out of the labor force because they stopped looking to find a job.

For more information, see:
U.S. Bureau of Labor Statistics, CES Overview
U.S. Bureau of Labor Statistics, BLS Handbook of Methods: Chapter 2. Employment, Hours, and Earnings from the Establishment Survey

Suggested Citation:

U.S. Bureau of Labor Statistics, Unemployment Level [UNEMPLOY], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/UNEMPLOY, .

Number Unemployed for 27 Weeks & over (UEMP27OV)

Source: U.S. Bureau of Labor Statistics

Release: Employment Situation

Units: Thousands of Persons, Seasonally Adjusted

Frequency: Monthly

Notes:

The series comes from the 'Current Population Survey (Household Survey)'

The source code is: LNS13008636

Suggested Citation:

U.S. Bureau of Labor Statistics, Number Unemployed for 27 Weeks & over [UEMP27OV], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/UEMP27OV, .

Civilian Labor Force Level (CLF16OV)

Source: U.S. Bureau of Labor Statistics

Release: Employment Situation

Units: Thousands of Persons, Seasonally Adjusted

Frequency: Monthly

Notes:

Persons 16 years of age and older.

The series comes from the 'Current Population Survey (Household Survey)'

The source code is: LNS11000000

Suggested Citation:

U.S. Bureau of Labor Statistics, Civilian Labor Force Level [CLF16OV], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CLF16OV, .

10-Year Treasury Constant Maturity Minus Federal Funds Rate (T10YFF)

Source: Federal Reserve Bank of St. Louis

Release: Interest Rate Spreads

Units: Percent, Not Seasonally Adjusted

Frequency: Daily

Notes:

Series is calculated as the spread between 10-Year Treasury Constant Maturity (BC_10YEAR) and Effective Federal Funds Rate (https://fred.stlouisfed.org/series/EFFR).
Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department.

Suggested Citation:

Federal Reserve Bank of St. Louis, 10-Year Treasury Constant Maturity Minus Federal Funds Rate [T10YFF], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/T10YFF, .