Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Portugal
Annual, Seasonally Adjusted
LFAC74TTPTA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,434,500.00
Year-over-Year Change
8.09%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic indicator measures the annual, seasonally adjusted Labor Force Participation Rate for the United States. It is a key metric for understanding the health and dynamics of the U.S. 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 represents the percentage of the working-age population that is employed or actively seeking employment. It is an important indicator of economic activity and the strength of the labor force.
Methodology
This data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
The participation rate is closely watched by policymakers, economists, and analysts to gauge the overall state of the labor market.
Key Facts
- The participation rate peaked at 67.3% in early 2000.
- It declined during the Great Recession, reaching a low of 62.4% in 2015.
- The participation rate has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of the working-age population that is employed or actively seeking employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is an important indicator of the overall health and dynamics of the U.S. labor market, providing insights into economic activity and employment trends.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: The participation rate is closely monitored by policymakers, economists, and market analysts to assess the strength of the labor force and inform economic policies and decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a short delay, and is subject to revisions as more information becomes available.
Related Trends
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PRTB6FAOI03CXCUQ
Population, Total for Portugal
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Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for Portugal
00XTOBPTM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Portugal
PRTCP050000GYM
Production: Manufacturing: Total Manufacturing for Portugal
PRMNTO01PTA657S
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Portugal
PREND401PTA661N
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC74TTPTA647S), retrieved from FRED.