Infra-Annual Labor Statistics: Unemployment Rate Male: From 25 to 54 Years for Slovak Republic
Annual, Seasonally Adjusted
LRUN25MASKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.18
Year-over-Year Change
-62.90%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the civilian labor force participation rate in Alaska on an annual basis, adjusting for seasonal variations. This key economic indicator provides insights into the overall health and utilization of the state's 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 civilian labor force participation rate represents the proportion of the working-age population that is either employed or actively seeking employment. Analyzing trends in this metric helps economists and policymakers understand labor market dynamics and gauge the strength of the economy.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This trend is widely used to inform economic and workforce development policies in Alaska.
Key Facts
- Alaska's labor force participation rate in 2022 was 62.8%.
- The participation rate has declined by 2.1 percentage points since 2019.
- Alaska's participation rate is higher than the national average of 62.1%.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the civilian labor force participation rate in Alaska, which represents the proportion of the working-age population that is either employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: Analyzing trends in the labor force participation rate provides valuable insights into the overall strength and health of Alaska's economy, as well as the utilization of the state's workforce.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform economic and workforce development policies in Alaska, as it helps policymakers understand labor market dynamics and make informed decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN25MASKA156S), retrieved from FRED.