Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Slovak Republic
Annual, Seasonally Adjusted
LFIN55MASKA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93,125.00
Year-over-Year Change
-30.97%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted labor force participation rate in Alaska. This metric is closely watched by economists and policymakers as an indicator of labor market health and economic activity.
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 labor force participation rate represents the percentage of the civilian noninstitutional population that is either employed or actively seeking work. Monitoring changes in this trend can provide insights into workforce dynamics and labor market trends.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers use this metric to assess the strength of the labor market and inform economic policy decisions.
Key Facts
- Alaska's labor force participation rate was 62.8% in 2022.
- The participation rate has declined from a high of 69.1% in 2012.
- Participation rates tend to be higher in Alaska compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian noninstitutional population in Alaska that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the strength and health of the labor market, providing insights into workforce dynamics and economic activity.
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: Policymakers and analysts use this metric to assess the state of the labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly and is subject to revisions as more information becomes available.
Related Trends
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Employment to Population Rate: All Ages: Males for Slovak Republic
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Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Slovak Republic
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFIN55MASKA647S), retrieved from FRED.