Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Hungary
Annual, Seasonally Adjusted
LFUN24TTHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,075.00
Year-over-Year Change
-44.36%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total civilian labor force in the United States. This key economic indicator provides insight into the size and dynamics of the U.S. workforce.
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 total civilian labor force represents the number of people aged 16 and older who are employed or actively seeking work. This metric is widely used by economists and policymakers to assess the health and stability of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Changes in the civilian labor force can inform economic and employment policies.
Key Facts
- The U.S. civilian labor force reached a record high of over 164 million in 2019.
- The labor force participation rate measures the proportion of the population that is employed or actively seeking work.
- The COVID-19 pandemic led to a significant decline in the civilian labor force in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the total number of people aged 16 and older who are employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: The civilian labor force is a key indicator of the health and dynamics of the U.S. labor market, which is crucial for economic analysis and policy decisions.
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: Changes in the civilian labor force can inform employment and economic policies, as well as provide insights into the overall strength of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with a typical update delay of a few weeks.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN24TTHUA647S), retrieved from FRED.