Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Slovak Republic
Quarterly, Seasonally Adjusted
LRUN24TTSKQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.05
Year-over-Year Change
-23.89%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic series measures the U.S. labor force participation rate on a quarterly, seasonally adjusted basis. It is a key indicator of the strength and composition of the American 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 tracks the percentage of the civilian non-institutional population aged 16 and over who are either employed or actively seeking work. It provides valuable insights into labor market dynamics and workforce trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Historical Context
The labor force participation rate is closely monitored by policymakers, economists, and financial analysts to assess the health of the U.S. economy.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates are typically lower for older workers and higher for prime-age adults.
- Declining participation has been a long-term trend in the U.S. since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This series measures the percentage of the civilian non-institutional population aged 16 and over who are 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 workforce dynamics and economic health, providing valuable insights for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by policymakers to assess the strength and composition of the American workforce and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRUN24TTSKQ156S), retrieved from FRED.