Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Hungary
Annual, Not Seasonally Adjusted
LFAC25TTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,637,625.00
Year-over-Year Change
6.83%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. Understanding this metric is crucial for evaluating the health of the labor market and informing economic policymaking.
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 annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period. This provides important context on long-term employment trends, beyond the monthly fluctuations.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This trend informs policy decisions by the Federal Reserve, Congress, and other institutions charged with promoting full employment.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019.
- The rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- Long-term unemployment remains a concern for policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States. It tracks the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Understanding the annual unemployment rate is crucial for evaluating the overall health of the labor market and informing economic policymaking by the Federal Reserve, Congress, and other institutions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend informs policy decisions by the Federal Reserve, Congress, and other institutions charged with promoting full employment and stable economic growth.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is published with a short delay, typically a few months after the end of the calendar year.
Related Trends
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC25TTHUA647N), retrieved from FRED.