Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for Austria
Annual, Seasonally Adjusted
LFAC24MAATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
276,550.00
Year-over-Year Change
-11.29%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the annual, seasonally adjusted labor force participation rate for adults aged 24 to 54 in the United States. It provides insights into the size and composition of the core working-age population in the labor market.
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 is the proportion of the working-age population that is employed or actively seeking work. This key economic indicator is closely monitored by policymakers to understand labor market dynamics and evaluate the overall strength of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Historical Context
Economists and policymakers use this data to inform decisions about economic and labor market policies.
Key Facts
- The U.S. labor force participation rate for adults aged 24-54 was 82.1% in 2022.
- Participation rates have declined since the 2000s due to demographic shifts and economic conditions.
- Policymakers monitor this trend to assess labor market health and guide fiscal and monetary policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted labor force participation rate for U.S. adults aged 24 to 54. It represents the proportion of the working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key economic indicator that provides insights into the strength and composition of the labor market. It is closely watched by policymakers, economists, and analysts to assess overall economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to inform decisions about fiscal, monetary, and labor market policies, as the labor force participation rate is a vital indicator of the overall health and potential of the economy.
Q: Are there update delays or limitations?
A: The data is updated monthly by the Bureau of Labor Statistics, with a typical release lag of around one month. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC24MAATA647S), retrieved from FRED.