Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Hungary
Annual, Seasonally Adjusted
LREM24TTHUA156S • 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
The Annual, Seasonally Adjusted trend measures the annual change in the unemployment rate for people aged 25 and over in the United States. This metric is a key indicator of the overall health of the U.S. labor market and is closely tracked 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, Seasonally Adjusted unemployment rate tracks the year-over-year change in the jobless rate for the prime working-age population. It provides insight into broader employment trends and is used to assess the strength of the economy and inform 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
The unemployment rate is a crucial economic indicator referenced by the Federal Reserve, government agencies, and private sector analysts.
Key Facts
- The annual unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The U.S. unemployment rate has returned to pre-pandemic levels, reaching 3.5% as of August 2022.
- Unemployment rates tend to lag behind other economic indicators during periods of recovery.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted unemployment rate tracks the year-over-year change in the jobless rate for Americans aged 25 and over.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into broader employment trends and is used to assess the strength of the U.S. economy 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 economic indicator referenced by the Federal Reserve, government agencies, and private sector analysts to inform policy decisions.
Q: Are there update delays or limitations?
A: The unemployment data is published monthly with a short delay, and the annual rate may lag behind other economic indicators during periods of recovery.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM24TTHUA156S), retrieved from FRED.