Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Hungary
Quarterly, Seasonally Adjusted
LMUNRLTTHUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
234,404.80
Year-over-Year Change
-24.63%
Date Range
1/1/1990 - 10/1/2023
Summary
The Quarterly, Seasonally Adjusted series measures the U.S. unemployment rate on a quarterly basis after adjusting for seasonal variations. This metric is a key indicator of labor market conditions and 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 quarterly, seasonally adjusted unemployment rate is a widely tracked economic indicator that provides insights into the strength of the U.S. labor market. It represents the percentage of the civilian labor force that is jobless but actively seeking employment.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor this trend to assess the overall state of the economy and guide policy decisions.
Key Facts
- The U.S. quarterly, seasonally adjusted unemployment rate reached a high of 14.7% in Q2 2020 during the COVID-19 pandemic.
- The rate has since declined, reaching 3.5% in Q4 2022, indicating a tightening labor market.
- Tracking this trend helps policymakers evaluate the effectiveness of economic interventions and guide future policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the U.S. unemployment rate on a quarterly basis after adjusting for seasonal variations in the labor market.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the overall health of the U.S. labor market and economy, helping policymakers and analysts assess the effectiveness of economic policies and guide future decisions.
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: Policymakers and analysts closely monitor this trend to evaluate the state of the economy and inform policy decisions, such as adjustments to interest rates, fiscal stimulus, or other interventions.
Q: Are there update delays or limitations?
A: The quarterly, seasonally adjusted unemployment rate data is typically released with a short delay, allowing for the necessary seasonal adjustments. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LMUNRLTTHUQ647S), retrieved from FRED.