Harmonized Unemployment: Aged 15-24: All Persons for the European Union
Persons, Annual, Not Seasonally Adjusted
LFHU24TTEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,219,916.67
Year-over-Year Change
-24.25%
Date Range
1/1/2000 - 1/1/2019
Summary
This annual, not seasonally adjusted dataset measures the total number of persons in the U.S. labor force. As a broad indicator of economic activity, the labor force participation rate is a key metric for economists and policymakers.
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 'Persons, Annual, Not Seasonally Adjusted' series represents the total civilian non-institutional population aged 16 and over participating in the U.S. labor force. This metric is used to assess overall labor market trends and the size of the active working population.
Methodology
Data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Analysts monitor labor force participation to gauge the health of the job market and broader economic conditions.
Key Facts
- The U.S. labor force totaled over 165 million persons in 2022.
- Labor force participation declined during the COVID-19 pandemic but has been recovering.
- Tracking labor force size helps policymakers assess economic growth and identify workforce trends.
FAQs
Q: What does this economic trend measure?
A: This dataset measures the total number of persons aged 16 and over participating in the U.S. civilian labor force.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the size and health of the working population, providing insight into economic conditions and job market trends.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor labor force participation to assess the strength of the job market, gauge economic growth, and inform employment-related policies.
Q: Are there update delays or limitations?
A: This annual, not seasonally adjusted dataset is published with a relatively short delay, providing timely information on the size of the U.S. labor force.
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Citation
U.S. Federal Reserve, Persons, Annual, Not Seasonally Adjusted (LFHU24TTEUA647N), retrieved from FRED.