Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Hungary
Annual, Seasonally Adjusted
LMUNRLTTHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
231,815.00
Year-over-Year Change
-60.23%
Date Range
1/1/1990 - 1/1/2023
Summary
The Annual, Seasonally Adjusted trend measures the seasonally adjusted unemployment rate in the United States. This key economic indicator provides insights into the health of the labor market and is closely monitored by policymakers.
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 seasonally adjusted unemployment rate represents the percentage of the civilian labor force that is jobless. It is a widely used metric for evaluating employment conditions and can inform economic policy decisions.
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
Economists and policymakers analyze this unemployment rate trend to assess the strength of the economy and make informed decisions about fiscal and monetary policies.
Key Facts
- The unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The U.S. unemployment rate has trended downward since the Great Recession, reaching 3.5% in 2019.
- Unemployment is a key factor in the Federal Reserve's decisions on interest rates and other monetary policy tools.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate trend is a widely used metric for evaluating the health of the labor market and can inform economic policy decisions made by policymakers.
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: Economists and policymakers analyze this unemployment rate trend to assess the strength of the economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The unemployment rate data is typically released on a monthly basis with a short delay, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LMUNRLTTHUA647S), retrieved from FRED.