Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Hungary
Annual, Seasonally Adjusted
LRHUTTTTHUA156S • 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
The Annual, Seasonally Adjusted economic trend measures the total unemployment rate in the United States. It is a key indicator of the overall health of the labor market and economic conditions.
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
This seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless. It is a widely-watched metric used by policymakers, analysts, and economists to assess employment levels and guide economic decision-making.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a critical input for the Federal Reserve and other institutions when setting monetary and fiscal policies.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The unemployment rate has gradually declined since reaching a high in 2020.
- Lowering the unemployment rate is a key objective of the Federal Reserve's dual mandate.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted economic trend measures the total unemployment rate in the United States, tracking the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a critical indicator of labor market conditions and overall economic health, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is a key input for the Federal Reserve and other institutions when setting monetary and fiscal policies to achieve their objectives.
Q: Are there update delays or limitations?
A: The unemployment rate data is published monthly with a short delay, providing timely information on labor market trends.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHUTTTTHUA156S), retrieved from FRED.