Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Hungary
Annual, Not Seasonally Adjusted
LFAC74TTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,919,725.00
Year-over-Year Change
14.40%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the United States. It provides insight into workforce engagement and labor market dynamics.
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 share of the working-age population that is employed or actively seeking employment. This metric is closely watched by economists and policymakers to assess the strength and utilization of the labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
The labor force participation rate is a key indicator used to evaluate the health and direction of the overall economy.
Key Facts
- The U.S. labor force participation rate was 62.4% in 2022.
- Participation rates are typically lower for older workers and higher for prime-working age adults.
- The labor force participation rate has declined since the early 2000s due to demographic and economic factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate, which represents the share of the working-age population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of workforce engagement and labor market strength, providing valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by policymakers and central banks to assess the overall health and direction of the economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Hungary
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC74TTHUA647N), retrieved from FRED.