Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Hungary
Annual, Not Seasonally Adjusted
LFHUTTTTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
215,250.00
Year-over-Year Change
-54.06%
Date Range
1/1/1991 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted unemployment rate in the United States. It provides a key indicator of labor market health and economic 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, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force that is jobless, actively seeking employment, and available to work. It offers a broader perspective on long-term employment trends compared to monthly, seasonally adjusted data.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this unemployment metric to assess the overall strength of the U.S. labor market and make informed decisions.
Key Facts
- The annual, not seasonally adjusted unemployment rate in the U.S. was 3.7% in 2021.
- The highest annual, not seasonally adjusted rate on record was 9.7% in 2010.
- The lowest annual, not seasonally adjusted rate on record was 3.5% in 1969.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted unemployment rate in the United States, representing the percentage of the civilian labor force that is jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate provides a broad, long-term perspective on labor market conditions, which is crucial for policymakers, economists, and analysts to assess the overall strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household 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: Policymakers and economists closely monitor this unemployment metric to make informed decisions about economic policies and interventions, as it reflects the overall health and performance of the U.S. labor market.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is typically released with a one-year lag, as it is based on the annual averages of the monthly, seasonally adjusted unemployment rates.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFHUTTTTHUA647N), retrieved from FRED.