Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Hungary
Annual, Not Seasonally Adjusted
LRHUTTTTHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.39
Year-over-Year Change
-58.50%
Date Range
1/1/1996 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the United States. It provides important insights into long-term labor market conditions and 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, not seasonally adjusted unemployment rate is a key indicator of the overall health and performance of the U.S. labor market. It represents the percentage of the civilian labor force that is jobless but actively seeking employment over a 12-month period.
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
Policymakers and economists closely monitor this trend to inform decisions on fiscal and monetary policy.
Key Facts
- The annual unemployment rate averaged 5.3% in 2021.
- The rate peaked at 8.1% in 2010 during the Great Recession.
- The pre-pandemic annual rate was 3.7% in 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, representing 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 is a crucial indicator of long-term labor market conditions and performance, providing important insights for policymakers, economists, and market analysts.
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: Policymakers and economists closely monitor this trend to inform decisions on fiscal and monetary policy, as it reflects the overall health and performance of the U.S. labor market.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published monthly with a brief delay, providing timely insights into long-term labor market trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTTTHUA156N), retrieved from FRED.