Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Hungary
Annual, Not Seasonally Adjusted
LFUN24TTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,075.00
Year-over-Year Change
-44.36%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate for the United States. It provides important insights into long-term labor market conditions and informs economic policy decisions.
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 U.S. civilian labor force that is jobless but actively seeking employment over a 12-month period. This metric offers a high-level view of labor market dynamics without the fluctuations of monthly or quarterly data.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to gauge the overall health of the U.S. economy and inform decisions around employment, fiscal, and monetary policies.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019 before rising due to the COVID-19 pandemic.
- Unemployment levels are a key indicator of economic performance and consumer confidence.
- The annual rate provides a longer-term perspective compared to monthly or quarterly data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate for the United States, which 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: The annual, not seasonally adjusted unemployment rate offers a high-level view of labor market dynamics, providing important insights into long-term employment conditions that inform economic policy decisions.
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: Policymakers and analysts use this trend to gauge the overall health of the U.S. economy and inform decisions around employment, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published with minimal delays and provides a comprehensive view of long-term labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUN24TTHUA647N), retrieved from FRED.