Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Hungary
Annual, Seasonally Adjusted
LREM64TTHUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.10
Year-over-Year Change
32.51%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Seasonally Adjusted employment rate is a key economic indicator that measures the percentage of the civilian non-institutional population aged 16 and over who are employed on an annual basis, with seasonal fluctuations removed.
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
This employment rate metric provides a comprehensive view of labor market conditions, representing the proportion of the working-age population that is actively engaged in the economy. It is a crucial data point for economists, policymakers, and analysts in understanding overall economic performance and trends.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The employment rate is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions and assess the health of the labor market.
Key Facts
- The annual employment rate in the U.S. was 60.1% as of 2022.
- The employment rate reached a low of 56.8% during the COVID-19 pandemic in 2020.
- Historically, the employment rate has ranged from 58% to 64% over the past two decades.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted employment rate measures the percentage of the civilian non-institutional population aged 16 and over who are employed on an annual basis, with seasonal fluctuations removed.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a crucial indicator of labor market conditions and overall economic performance, providing insights into the level of economic activity and the proportion of the working-age population that is actively engaged in the workforce.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment rate is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions and assess the health of the labor market, as it provides insights into overall economic performance and trends.
Q: Are there update delays or limitations?
A: The employment rate data is released on a monthly basis, with the annual, seasonally adjusted figure typically available with a one-month lag.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM64TTHUA156S), retrieved from FRED.