Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Hungary
Monthly, Not Seasonally Adjusted
LRHUTTTTHUM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
2.38%
Date Range
1/1/1996 - 6/1/2025
Summary
This economic trend measures the total number of hours worked per month by all persons in the United States. It is a key indicator of labor market activity and utilization.
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 Hours Worked Index tracks the total number of hours worked across all industries and occupations in the U.S. economy on a monthly basis. This provides valuable insights into overall labor market conditions and capacity utilization.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this metric to assess the health of the labor market and broader economic activity.
Key Facts
- The index has a base year of 2012 = 100.
- Hours worked reached a low during the COVID-19 pandemic in 2020.
- The trend is a key input for calculating productivity measures.
FAQs
Q: What does this economic trend measure?
A: The Total Hours Worked Index measures the total number of hours worked per month by all persons in the United States across industries and occupations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into overall labor market conditions and capacity utilization, which are important for policymakers and economists in assessing the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the health of the labor market and broader economic activity, which informs policy decisions.
Q: Are there update delays or limitations?
A: The Total Hours Worked Index is published monthly by the U.S. Federal Reserve, with a typical release delay of around one month.
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Citation
U.S. Federal Reserve, Total Hours Worked (LRHUTTTTHUM156N), retrieved from FRED.