Unemployed Population: Aged 15-24: Total for the European Union
Annual, Not Seasonally Adjusted
LFUN24TTEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,221,075.00
Year-over-Year Change
-23.69%
Date Range
1/1/2005 - 1/1/2019
Summary
This annual, not seasonally adjusted series measures the total civilian labor force in the United States. It is a key indicator of the size and strength of the U.S. workforce.
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 total civilian labor force includes all individuals aged 16 and over who are employed or actively seeking work. This metric provides insight into the overall size and composition of the U.S. labor market, which is crucial for economic policymakers and analysts.
Methodology
The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Bureau of Labor Statistics.
Historical Context
Trends in the total civilian labor force are closely monitored by the Federal Reserve, Congress, and private sector analysts to assess the health of the U.S. economy.
Key Facts
- The U.S. civilian labor force totaled over 164 million people in 2021.
- Labor force participation rate was 61.6% in 2021, down from 63.3% in 2019 due to the COVID-19 pandemic.
- Women make up approximately 47% of the total U.S. civilian labor force.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of civilians in the United States aged 16 and over who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The size and composition of the civilian labor force is a critical indicator of the overall health and strength of the U.S. economy, providing insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in the civilian labor force are closely monitored by the Federal Reserve, Congress, and private sector analysts to assess the health of the U.S. labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUN24TTEUA647N), retrieved from FRED.