Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Portugal
Annual, Seasonally Adjusted
LFHUADTTPTA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
252,666.67
Year-over-Year Change
-51.13%
Date Range
1/1/1983 - 1/1/2022
Summary
This economic trend measures the civilian labor force participation rate, which represents the percentage of the working-age population that is either employed or actively seeking work. It is a key indicator of labor market conditions and the overall strength of the economy.
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 is a widely followed economic indicator that provides insights into the composition and utilization of the working-age population. It is used by policymakers, analysts, and economists to assess the health and efficiency of the labor market.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is an important input for economic policy decisions and forecasting models.
Key Facts
- The labor force participation rate reached a high of 67.3% in 2000.
- Participation rates are typically lower for older workers and those with disabilities.
- The COVID-19 pandemic caused a significant decline in the participation rate in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the civilian labor force participation rate, which represents the percentage of the working-age population 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 labor market conditions and the overall strength of the economy, providing insights into the composition and utilization of the working-age population.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is an important input for economic policy decisions and forecasting models, as it helps policymakers and analysts assess the health and efficiency of the labor market.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a relatively short time lag, but may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFHUADTTPTA647S), retrieved from FRED.