Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Hungary
Annual, Not Seasonally Adjusted
LRUN55TTHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
-57.17%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in the U.S. It provides important insights into the overall health of the 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, not seasonally adjusted unemployment rate is a key economic indicator that reflects the percentage of the total labor force that is jobless. This metric is used by policymakers, analysts, and economists to assess employment conditions and inform economic decision-making.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly household survey.
Historical Context
The unemployment rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The U.S. annual, not seasonally adjusted unemployment rate was 3.7% in 2022.
- This metric has declined from a peak of 14.7% in 2020 due to the COVID-19 pandemic.
- The unemployment rate is a lagging indicator, reflecting past economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, which reflects the percentage of the total labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key economic indicator used by policymakers, analysts, and economists to assess employment conditions and inform economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly household survey.
Q: How is this trend used in economic policy?
A: The unemployment rate is a critical input for monetary and fiscal policy decisions, as it reflects the overall health of the labor market.
Q: Are there update delays or limitations?
A: The unemployment rate is a lagging indicator, reflecting past economic conditions, and may not capture the most recent changes in the labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55TTHUA156N), retrieved from FRED.