Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Hungary
Annual, Not Seasonally Adjusted
LREM24TTHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.13
Year-over-Year Change
46.82%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides important insights into the country's labor market dynamics and is closely monitored by economists and 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
The annual, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force in the U.S. that is jobless but actively seeking employment over a 12-month period. This metric offers a broader perspective on long-term employment trends compared to monthly or quarterly data.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey, a monthly household survey.
Historical Context
This unemployment rate trend is a key indicator used by the Federal Reserve and other institutions to assess the overall health of the U.S. economy.
Key Facts
- The annual unemployment rate averaged 3.7% in 2019 before the COVID-19 pandemic.
- Unemployment peaked at 14.7% in April 2020 due to the economic impact of the pandemic.
- The rate has since declined but remains elevated compared to pre-pandemic levels.
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 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 provides important insights into long-term labor market dynamics in the U.S. and is closely monitored by economists, policymakers, and other stakeholders to assess the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey, a monthly household survey.
Q: How is this trend used in economic policy?
A: The annual, not seasonally adjusted unemployment rate is a key indicator used by the Federal Reserve and other institutions to evaluate the state of the U.S. labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, and the annual, not seasonally adjusted rate may be subject to revisions over time.
Related Trends
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Hungary
LFAC64TTHUQ647S
Infra-Annual Labor Statistics: Labor Force Male: From 25 to 54 Years for Hungary
LFAC25MAHUQ647N
Amount Outstanding of Total Debt Securities in General Government Sector, All Maturities, Residence of Issuer in Hungary
TDSAMRIAOGGHU
Harmonized Index of Consumer Prices: Recreation and Culture for Hungary
CP0900HUM086NEST
Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Hungary
HUNFCBODCANUM
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Hungary
LMUNRLTTHUM647S
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM24TTHUA156N), retrieved from FRED.