Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Hungary
Annual, Seasonally Adjusted
LRHUTTMAHUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.43
Year-over-Year Change
-60.27%
Date Range
1/1/1996 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the percent change in the unemployment rate in Thailand over a 12-month period, adjusted for seasonal fluctuations. This metric provides important insights into long-term labor market trends.
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 in Thailand, after accounting for predictable seasonal variations. It offers economists and policymakers a clearer view of underlying employment patterns.
Methodology
The data is calculated by the International Monetary Fund from Thailand's national labor force survey.
Historical Context
This trend is widely used to assess the health of Thailand's labor market and inform economic policy decisions.
Key Facts
- Thailand's annual unemployment rate averaged 1.1% from 2010-2020.
- The unemployment rate peaked at 1.5% in 2020 due to the COVID-19 pandemic.
- Thailand has historically maintained a relatively low unemployment level compared to other Southeast Asian nations.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series tracks the year-over-year percent change in Thailand's unemployment rate, after accounting for predictable seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the long-term health and direction of Thailand's labor market, which is a key indicator of the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using Thailand's national labor force survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state of Thailand's employment landscape and inform decisions around economic, fiscal, and labor market policies.
Q: Are there update delays or limitations?
A: The annual unemployment data is typically released with a 1-2 month lag, and may be subject to minor revisions over time.
Related Trends
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Infra-Annual Labor Statistics: Labor Force Female: From 15 to 24 Years for Hungary
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTMAHUA156S), retrieved from FRED.