Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Hungary
Quarterly, Not Seasonally Adjusted
LFUNTTTTHUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212,800.00
Year-over-Year Change
19.22%
Date Range
4/1/1998 - 1/1/2025
Summary
This economic trend measures the unemployment rate in the United States on a quarterly, non-seasonally adjusted basis. It provides valuable insights into the 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 Quarterly, Not Seasonally Adjusted unemployment rate is a key indicator of the overall health of the U.S. economy. It tracks the percentage of the civilian labor force that is jobless, offering a comprehensive view of employment dynamics without the effects of seasonal fluctuations.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength of the labor market and inform economic decision-making.
Key Facts
- The U.S. unemployment rate peaked at 14.7% in April 2020 during the COVID-19 pandemic.
- The unemployment rate has steadily declined since the height of the pandemic, reaching 3.5% in July 2022.
- The quarterly, non-seasonally adjusted unemployment rate provides a comprehensive view of the labor market without the influence of seasonal factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian labor force in the United States that is unemployed on a quarterly, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The quarterly, non-seasonally adjusted unemployment rate is a crucial indicator of the overall health of the U.S. labor market, providing insights that inform economic policy and investment decisions.
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.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the strength of the labor market and make informed decisions about economic and monetary policies.
Q: Are there update delays or limitations?
A: The quarterly, non-seasonally adjusted unemployment rate data is published by the U.S. Federal Reserve with a relatively short delay, providing timely insights into the labor market conditions.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFUNTTTTHUQ647N), retrieved from FRED.