Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for Hungary
Annual, Seasonally Adjusted
LFUNTTMAHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118,625.00
Year-over-Year Change
-54.74%
Date Range
1/1/1992 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted unemployment rate in the United States, providing a key economic indicator for policymakers and analysts.
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, seasonally adjusted unemployment rate is a crucial metric for understanding the health of the U.S. labor market. It tracks the percentage of the total labor force that is jobless but actively seeking employment.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other institutions to inform economic and policy decisions.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- Historically, the U.S. unemployment rate has averaged around 5-6% over the past few decades.
- Reducing unemployment is a key policy goal for the Federal Reserve and other government agencies.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted unemployment rate in the United States, which tracks the percentage of the total 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 overall health of the labor market and the broader economy, and is closely monitored by policymakers, economists, and investors.
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: The unemployment rate is a key metric used by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The unemployment rate data is typically released on a monthly basis with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUNTTMAHUA647S), retrieved from FRED.