Infra-Annual Labor Statistics: Labor Force Male: 15 Years or over for Hungary
Persons, Annual, Seasonally Adjusted
LFACTTMAHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,615,850.00
Year-over-Year Change
13.19%
Date Range
1/1/1992 - 1/1/2024
Summary
This economic trend measures the total number of persons employed in the United States on an annual basis, adjusted for seasonal variations. It is a key indicator of labor market conditions and economic growth.
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 Persons, Annual, Seasonally Adjusted trend represents the total number of employed individuals in the U.S. economy over a 12-month period, with adjustments made to account for recurring seasonal patterns. This metric is widely used by economists and policymakers to assess the health and trajectory of the labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Key Facts
- The annual average employment level in the U.S. was over 158 million in 2022.
- Employment levels have returned to pre-pandemic highs after the COVID-19 recession.
- The unemployment rate in the U.S. was 3.5% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the United States on an annual basis, with adjustments made to account for seasonal variations in employment.
Q: Why is this trend relevant for users or analysts?
A: The Persons, Annual, Seasonally Adjusted trend is a key indicator of the overall health and strength of the U.S. labor market, which is a critical component of the broader economy.
Q: How is this 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 this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions, as it provides insights into the labor market conditions and overall economic growth.
Q: Are there update delays or limitations?
A: The Persons, Annual, Seasonally Adjusted data is published with a relatively short delay, typically within a few months of the end of the reference year.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFACTTMAHUA647S), retrieved from FRED.