Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Hungary
Annual, Not Seasonally Adjusted
LRUN64TTHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.53
Year-over-Year Change
-59.15%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the unemployment rate in the United States on an annual, not seasonally adjusted basis. Understanding unemployment levels is crucial for policymakers and analysts to assess the 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 tracks the percentage of the civilian labor force in the U.S. that is jobless but actively seeking employment. This metric provides a broader picture of long-term labor market trends compared to monthly, seasonally adjusted data.
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 a key indicator used by the Federal Reserve and other policymakers to inform economic and monetary policy decisions.
Key Facts
- The U.S. annual unemployment rate reached a high of 9.6% in 2010.
- The lowest annual unemployment rate in the past decade was 3.7% in 2019.
- Long-term unemployment, defined as 27 weeks or more, is a key focus for policymakers.
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 civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate provides a broader perspective on long-term labor market trends compared to monthly, seasonally adjusted data. This metric is crucial for policymakers and analysts to assess the overall health of the U.S. economy.
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 a key indicator used by the Federal Reserve and other policymakers to inform economic and monetary policy decisions, as it reflects the overall strength of the labor market.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published with a lag, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN64TTHUA156N), retrieved from FRED.