Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Hungary
Annual, Seasonally Adjusted
LFHU24TTHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,833.33
Year-over-Year Change
-43.11%
Date Range
1/1/1995 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the annual rate of unemployment in the United States, which is a key indicator of labor market conditions and economic health.
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
This metric tracks the total number of unemployed persons in the U.S. civilian labor force on an annual basis, with seasonal adjustments to account for regular fluctuations. It is a widely-followed statistic used by policymakers, economists, and analysts to assess the overall strength of the job market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- Unemployment tends to rise during recessions and fall during periods of economic expansion.
- The Federal Reserve aims for a 'natural' unemployment rate of around 4-5% to balance inflation and employment.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total number of unemployed persons in the U.S. civilian labor force on an annual basis, with adjustments made to account for regular seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical economic indicator used by policymakers, economists, and market analysts to assess the overall health and direction of the labor market and broader economy.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for monetary and fiscal policy decisions made by the Federal Reserve and Congress to manage inflation, employment, and overall economic conditions.
Q: Are there update delays or limitations?
A: The unemployment data is published monthly with a typical one-month lag, and the annual, seasonally adjusted figure may be subject to periodic revisions by the statistical agencies.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFHU24TTHUA647S), retrieved from FRED.