Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Hungary
Quarterly, Seasonally Adjusted
LFAC24TTHUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
302,022.50
Year-over-Year Change
6.15%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the quarterly, seasonally adjusted U.S. labor force participation rate. It is a key indicator of the size 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 represents the percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work. This metric is widely used by economists and policymakers to assess the health and availability of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The participation rate is closely monitored by the Federal Reserve and other government agencies to inform economic and labor market policies.
Key Facts
- The U.S. labor force participation rate was 62.2% as of Q4 2022.
- Participation rates have declined from a peak of 67.3% in 2000.
- Women's participation rate is lower than men's, at 57.4% vs. 67.3% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: The quarterly, seasonally adjusted U.S. labor force participation rate represents the percentage of the civilian non-institutional population aged 16 and over 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 health and availability of the U.S. workforce, and is closely monitored by economists and policymakers to inform economic and labor market policies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The participation rate is closely monitored by the Federal Reserve and other government agencies to inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The quarterly, seasonally adjusted data is released by the Federal Reserve with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC24TTHUQ647S), retrieved from FRED.