Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Hungary
Quarterly, Not Seasonally Adjusted
LFHUADTTHUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154,000.00
Year-over-Year Change
-7.78%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the quarterly, not seasonally adjusted unemployment rate for the United States. It provides crucial insights into labor market dynamics and informs 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 quarterly, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment during a given three-month period. This metric is closely watched by economists and policymakers to assess the health of the U.S. 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
The unemployment rate is a key indicator used by the Federal Reserve and other policymakers to guide monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate averaged 5.7% in 2022.
- Unemployment rates tend to rise during economic recessions.
- The Federal Reserve closely monitors the unemployment rate when setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the health of the labor market and overall economic conditions, making it highly relevant for economists, policymakers, and market analysts.
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: The Federal Reserve and other policymakers closely monitor the unemployment rate when setting monetary and fiscal policies to promote stable prices and maximum employment.
Q: Are there update delays or limitations?
A: The quarterly, not seasonally adjusted unemployment rate data is published with a relatively short delay, typically within a few weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFHUADTTHUQ647N), retrieved from FRED.