Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Hungary
Annual, Seasonally Adjusted
LRUN24TTHUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.13
Year-over-Year Change
-46.36%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the unemployment rate for the civilian labor force in the United States. This key economic indicator provides insights into the health and stability of the U.S. labor market.
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 percentage of the civilian labor force that is jobless but actively seeking employment. It is a widely-used metric for assessing economic conditions and informing 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 closely monitored by policymakers, economists, and investors to gauge the overall strength of the U.S. economy.
Key Facts
- The U.S. unemployment rate averaged 5.7% in 2022.
- The unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The labor force participation rate was 62.2% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted unemployment rate measures the percentage of the civilian labor force in the United States that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health and stability of the U.S. labor market, providing insights that inform economic policy decisions and market analysis.
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 closely monitored by policymakers, economists, and investors to gauge the overall strength of the U.S. economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the Bureau of Labor Statistics, with a brief delay between the reference period and the publication date.
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Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Hungary
LRUN24TTHUQ156S
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN24TTHUA156S), retrieved from FRED.