Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Czechia
Annual, Seasonally Adjusted
LRHU24TTCZA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.57
Year-over-Year Change
-50.94%
Date Range
1/1/1993 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total hours worked annually by production and nonsupervisory employees in the U.S. This statistic is a key indicator of labor market health and productivity.
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 trend represents the total number of hours worked per year by production and non-supervisory employees across the U.S. economy. It is a widely followed metric that provides insight into labor market dynamics, worker productivity, and broader economic conditions.
Methodology
The data is collected through employer surveys and seasonally adjusted to account for predictable fluctuations.
Historical Context
Economists and policymakers closely monitor this trend to assess the overall strength of the labor market and make informed decisions.
Key Facts
- The series dates back to 1964.
- Annual hours worked peaked in 2018 at 4,522 hours.
- The metric experienced a sharp decline during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the total number of hours worked per year by production and non-supervisory employees across the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into labor market health, worker productivity, and broader economic conditions, making it a key indicator closely followed by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and seasonally adjusted to account for predictable fluctuations.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the overall strength of the labor market and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of a few weeks.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHU24TTCZA156S), retrieved from FRED.