Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Hungary
Annual, Not Seasonally Adjusted
LRUN24TTHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.13
Year-over-Year Change
-46.36%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the unemployment rate in the United States on an annual, not seasonally adjusted basis. It provides important insights into long-term labor market dynamics.
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, not seasonally adjusted unemployment rate tracks the percentage of the civilian labor force in the U.S. that is without a job but actively seeking work. This metric is closely watched by economists and policymakers to understand underlying employment trends.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The unemployment rate is a key indicator used to assess the overall health of the U.S. economy.
Key Facts
- The annual unemployment rate peaked at 9.6% in 2010 following the Great Recession.
- The rate has generally declined since 2010, reaching 3.5% in 2019 before the COVID-19 pandemic.
- Unemployment tends to be higher on an annual, not seasonally adjusted basis compared to the monthly, seasonally adjusted rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in the United States, representing the percentage of the civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate provides important insights into long-term labor market dynamics and the overall health of the U.S. economy, making it a key indicator tracked by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial metric used by the Federal Reserve, policymakers, and market analysts to assess economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data is published with a short lag, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN24TTHUA156N), retrieved from FRED.