Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Hungary
Annual, Not Seasonally Adjusted
LFWA74TTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,223,750.00
Year-over-Year Change
-5.40%
Date Range
1/1/1999 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend measures the unemployment rate in the United States. It is a key indicator of labor market conditions and overall 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
The unemployment rate tracks the percentage of the civilian labor force that is jobless, actively seeking employment, and available for work. This metric is widely used by economists, policymakers, and market analysts to assess the strength of the U.S. economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate informs fiscal and monetary policy decisions by the Federal Reserve and Congress.
Key Facts
- The U.S. unemployment rate reached a peak of 14.7% in April 2020 during the COVID-19 pandemic.
- The unemployment rate has steadily declined since reaching its pandemic high, falling to 3.5% as of December 2022.
- Historically, the U.S. unemployment rate has averaged around 5.8% since 1948.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health of the labor market and the broader economy. It is closely monitored by policymakers, economists, and market participants to assess economic conditions and inform 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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for the Federal Reserve's monetary policy decisions and Congress's fiscal policy actions, as it reflects the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the Bureau of Labor Statistics, with a slight delay. There may be limitations in capturing certain types of employment, such as gig work or self-employment.
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Hungary
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Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Hungary
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWA74TTHUA647N), retrieved from FRED.