Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Hungary
Annual, Seasonally Adjusted
LFWA74TTHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,223,750.00
Year-over-Year Change
-5.40%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted unemployment rate in the United States. It is a key indicator used by policymakers and analysts to assess the overall health 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, seasonally adjusted unemployment rate tracks the percentage of the total labor force that is jobless and actively seeking employment. This metric is widely followed as it provides insight into the strength and resilience of the U.S. economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The unemployment rate is a crucial input for monetary and fiscal policy decisions.
Key Facts
- The U.S. unemployment rate reached a peak of 14.7% in April 2020 due to the COVID-19 pandemic.
- The unemployment rate has trended downward since the Great Recession, reaching a 50-year low of 3.5% in 2019.
- Economists closely monitor the unemployment rate as a barometer of the overall economic conditions.
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 total labor force that is jobless and actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of the overall health and strength of the labor market, and it is closely watched by policymakers, economists, and market participants to assess the state of the economy.
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 a key input for monetary and fiscal policy decisions, as it helps policymakers gauge the overall state of the labor market and the broader economy.
Q: Are there update delays or limitations?
A: The unemployment rate data is typically released on a monthly basis, with a brief delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA74TTHUA647S), retrieved from FRED.