Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Hungary
Annual, Seasonally Adjusted
LRUNTTTTHUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.47
Year-over-Year Change
-59.43%
Date Range
1/1/1999 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted unemployment rate in the United States. It is a key economic indicator used by policymakers and analysts to assess the strength 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, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. It is a widely followed metric that provides insight into the overall health and resilience of the U.S. economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 during the COVID-19 pandemic.
- The unemployment rate has steadily declined since the pandemic peak, reaching 3.5% as of December 2022.
- Historically, the U.S. unemployment rate has ranged from around 3.5% to 10% over the past two decades.
FAQs
Q: What does this economic trend measure?
A: The annual, seasonally adjusted unemployment rate measures the percentage of the civilian labor force that is jobless but actively seeking employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health and strength of the labor market, providing important insights for policymakers, economists, and investors.
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.
Q: How is this trend used in economic policy?
A: The unemployment rate is closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the U.S. Bureau of Labor Statistics, with minimal update delays.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUNTTTTHUA156S), retrieved from FRED.