Infra-Annual Labor Statistics: Monthly Unemployment Female: 15 Years or over for Hungary
Annual, Seasonally Adjusted
LFHUTTFEHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100,083.30
Year-over-Year Change
-52.60%
Date Range
1/1/1995 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted unemployment rate for the U.S. workforce. It is 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
The annual, seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless but actively seeking employment. It is an important macroeconomic indicator used by policymakers and analysts to assess the strength of the U.S. economy.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. unemployment rate reached a high of 14.7% in April 2020 due to the COVID-19 pandemic.
- The lowest recorded U.S. unemployment rate was 3.5% in 2019.
- Historically, the U.S. unemployment rate has averaged around 5-6% since the 1970s.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted unemployment rate in the United States, which represents 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 unemployment rate is a crucial indicator of the health of the labor market and the broader economy. It is closely monitored by policymakers, economists, and investors to assess economic conditions and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) 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 input for the Federal Reserve and other policymakers in determining monetary policy and evaluating the overall state of the economy. It informs decisions on interest rates, employment targets, and other economic interventions.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted unemployment rate data is published monthly with a relatively short delay, typically within a few weeks of the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFHUTTFEHUA647S), retrieved from FRED.