Unemployed Population: Aged 15-74: All Persons for the Euro Area (19 Countries)
Annual, Not Seasonally Adjusted
LFUN74TTEZA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,284,825.00
Year-over-Year Change
-31.29%
Date Range
1/1/2005 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the United States. It provides insights into the size and composition of the active workforce.
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 aged 16 and older that is either employed or actively seeking work. This metric is closely watched by economists and policymakers to assess labor market conditions and potential economic growth.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
The labor force participation rate is a key indicator used by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. labor force participation rate reached a peak of 67.3% in 2000.
- Participation rates are typically lower for older workers and women.
- The participation rate declined from 66.0% in 2007 to 62.8% in 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian noninstitutional population aged 16 and older 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 size and composition of the active workforce, providing insights into the health of the labor market and potential for economic growth.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical release lag of around one to two weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUN74TTEZA647N), retrieved from FRED.