Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Hungary
Annual, Seasonally Adjusted
LFWA24TTHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
970,425.00
Year-over-Year Change
-16.92%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted unemployment rate in the United States. It provides valuable insights into the health of the labor market and the overall state of the economy.
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 is a key indicator used by economists and policymakers to assess the performance of the U.S. labor market. It represents the percentage of the civilian labor force that is currently unemployed but actively seeking work.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is closely monitored by the Federal Reserve and other government agencies 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 unemployment rate has steadily declined since the pandemic's peak, reaching 3.5% in 2022.
- Stable and low unemployment rates are generally indicative of a healthy labor market and economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted unemployment rate in the United States, which represents the percentage of the civilian labor force that is currently unemployed but actively seeking work.
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 overall state of the economy. It is closely monitored by economists, policymakers, and market analysts to inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The unemployment rate is used by the Federal Reserve and other government agencies to inform economic and monetary policy decisions, as it provides insights into the strength of the labor market and the overall state of the economy.
Q: Are there update delays or limitations?
A: The unemployment rate data is released monthly by the Bureau of Labor Statistics, with a typical one-month delay. There may be some limitations in accurately capturing all unemployed individuals, as the data is based on household surveys.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA24TTHUA647S), retrieved from FRED.