Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Hungary
Quarterly, Seasonally Adjusted
LRUN55TTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.99
Year-over-Year Change
-4.78%
Date Range
1/1/2003 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted trend measures the U.S. unemployment rate, a key indicator of economic health and labor market 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 metric represents the percentage of the civilian labor force that is jobless but actively seeking employment, adjusted for seasonal variations. It is a widely followed statistic used by policymakers, analysts, and economists to gauge the strength of the U.S. economy.
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 Federal Reserve monetary policy decisions and assessments of the overall economy.
Key Facts
- The U.S. unemployment rate averaged 5.3% in 2022.
- Unemployment peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- The civilian labor force participation rate was 62.3% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted trend measures the percentage of the U.S. civilian labor force 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 labor market conditions and overall economic health, making it a crucial statistic 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 critical input for Federal Reserve monetary policy decisions and assessments of the overall strength of the U.S. economy.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the Bureau of Labor Statistics, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRUN55TTHUQ156S), retrieved from FRED.