Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Portugal
Quarterly, Not Seasonally Adjusted
LFAC24TTPTQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
378,800.00
Year-over-Year Change
19.42%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic indicator tracks the quarterly employment rate in the United States, which is a key measure of labor market health and economic activity.
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 quarterly, not seasonally adjusted employment rate represents the percentage of the eligible working population that is employed during a given quarter. This metric is widely used by economists and policymakers to assess the strength of the U.S. labor market and broader economic conditions.
Methodology
The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Historical Context
The employment rate is a crucial input for monetary and fiscal policy decisions.
Key Facts
- The U.S. employment rate averaged 59.4% in 2022.
- Employment rates vary significantly by demographic factors like age and education level.
- The employment rate is a lagging indicator, reflecting past economic conditions.
FAQs
Q: What does this economic trend measure?
A: The quarterly, not seasonally adjusted employment rate measures the percentage of the eligible working population that is employed during a given quarter in the United States.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a key indicator of labor market health and overall economic activity, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment rate is a crucial input for monetary and fiscal policy decisions, as it reflects the strength of the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The employment rate data is released on a quarterly basis, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFAC24TTPTQ647N), retrieved from FRED.