Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Hungary
Annual, Not Seasonally Adjusted
LFIN24TTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
659,825.00
Year-over-Year Change
-23.98%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted total unemployment rate in the United States. It provides important insights into the overall state 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, not seasonally adjusted total unemployment rate tracks the percentage of the total labor force that is without a job and actively seeking employment over a 12-month period. This metric is a key indicator of economic conditions and helps policymakers and analysts understand workforce dynamics.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This unemployment rate trend is closely monitored by the Federal Reserve and other policymakers to inform economic and monetary policy decisions.
Key Facts
- The annual unemployment rate averaged 5.3% in 2022.
- The rate peaked at 14.7% in April 2020 due to the COVID-19 pandemic.
- Unemployment levels vary significantly by industry and demographic group.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted total unemployment rate in the United States, which tracks the percentage of the labor force without a job and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The annual unemployment rate is a key indicator of the overall health of the labor market and the broader economy, providing important insights for policymakers, businesses, and individuals.
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 annual unemployment rate is closely monitored by the Federal Reserve and other policymakers to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The annual unemployment rate data is released on a monthly basis, with a slight delay to account for the 12-month measurement period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN24TTHUA647N), retrieved from FRED.