Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Hungary
Annual, Seasonally Adjusted
LRUN74TTHUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.48
Year-over-Year Change
-59.35%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the unemployment rate for the U.S. population ages 16 and over. This key economic indicator is closely watched by 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 unemployment rate is a widely used metric that reflects the proportion of the civilian labor force that is jobless but actively seeking employment. Monitoring this trend helps economists and policymakers understand broader economic conditions and make informed decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a crucial input for monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate stood at 3.5% in 2019, a 50-year low.
- Unemployment typically rises during economic recessions and falls during expansions.
- Persistent high unemployment can lead to social and economic challenges.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the U.S. civilian labor force that is unemployed but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key barometer of labor market conditions and overall economic health, making it a crucial indicator for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through the monthly 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 primary input for the Federal Reserve's monetary policy decisions and is closely monitored by policymakers to assess the need for fiscal or other interventions.
Q: Are there update delays or limitations?
A: The unemployment data is released monthly with a brief lag, providing timely insights into labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN74TTHUA156S), retrieved from FRED.