Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Slovak Republic
Quarterly, Seasonally Adjusted
LFHU24TTSKQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,000.00
Year-over-Year Change
-24.14%
Date Range
1/1/1995 - 4/1/2025
Summary
This economic trend measures the total number of hours worked per quarter in the U.S. labor force, seasonally adjusted. It provides important insights into workforce productivity and economic growth.
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 Quarterly, Seasonally Adjusted hours worked metric tracks the total number of hours worked by employed individuals in the U.S. over a 3-month period. It is a key indicator of workforce capacity and is used to analyze labor market dynamics and overall economic performance.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
Policymakers and analysts closely monitor this metric to gauge the health of the U.S. economy and labor market.
Key Facts
- Seasonally adjusted to account for regular fluctuations.
- Provides insight into workforce capacity and utilization.
- Used to analyze economic performance and productivity trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of hours worked per quarter by the U.S. labor force, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into workforce productivity and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to gauge labor market dynamics and overall economic performance.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short lag period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFHU24TTSKQ647S), retrieved from FRED.