Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Hungary
Persons, Annual, Not Seasonally Adjusted
LFEM24MAHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147,500.00
Year-over-Year Change
24.74%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the total number of persons employed annually in the United States, providing valuable insights into the state of the labor market.
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, Not Seasonally Adjusted series represents the total number of individuals employed in the U.S. economy over a 12-month period. This metric is closely watched by economists and policymakers to gauge the overall health and strength of the labor force.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to inform economic and policy decisions related to employment, workforce development, and macroeconomic conditions.
Key Facts
- The annual employment figure reached a record high of 157.5 million in 2019.
- The COVID-19 pandemic led to a significant decline in annual employment in 2020.
- Employment levels have been slowly recovering since the pandemic's peak.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the United States over a 12-month period, providing a comprehensive view of the country's labor force.
Q: Why is this trend relevant for users or analysts?
A: The annual employment figure is a key indicator of the overall health and strength of the U.S. labor market, which is crucial for understanding broader economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the labor market's performance, which informs decisions related to employment, workforce development, and macroeconomic policy.
Q: Are there update delays or limitations?
A: The annual employment data is typically released with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Persons, Annual, Not Seasonally Adjusted (LFEM24MAHUA647N), retrieved from FRED.