Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Sweden
Annual, Not Seasonally Adjusted
LFUN24TTSEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165,700.00
Year-over-Year Change
11.21%
Date Range
1/1/2001 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted labor force participation rate for the United States. It provides insight into long-term labor market trends and is a key economic indicator.
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 civilian non-institutional population aged 16 and over that is either employed or actively seeking work. This non-seasonally adjusted annual data is useful for analyzing broader structural changes in the labor market over time.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is closely monitored by policymakers and economists for its implications on employment, economic growth, and inflation.
Key Facts
- The labor force participation rate peaked at 67.3% in 2000.
- The rate declined from 66% in 2008 to 62.8% in 2015.
- Participation rates are lower for older workers and those with disabilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate in the United States. It represents the share of the civilian population aged 16 and over 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 economic indicator that provides insight into long-term trends in the labor market. It is closely watched by policymakers, economists, and analysts for its implications on employment, economic growth, and inflation.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used by policymakers and economists to assess the health of the labor market and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a one-month lag. The annual, not seasonally adjusted series may not capture short-term fluctuations in the labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUN24TTSEA647N), retrieved from FRED.