Infra-Annual Labor Statistics: Unemployment Female: From 55 to 64 Years for Austria
Quarterly, Not Seasonally Adjusted
LFUN55FEATQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,700.00
Year-over-Year Change
9.60%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the total labor force participation rate on a quarterly basis without seasonal adjustments. It provides insight into the overall size and composition of the U.S. labor force.
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 share of the civilian population aged 16 and over that is either employed or actively seeking work. This unadjusted quarterly data offers a more granular view of labor market trends compared to the commonly cited monthly rate.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and economists analyze this metric to understand labor market dynamics and workforce engagement.
Key Facts
- The labor force participation rate averaged 62.1% in 2022.
- Participation rates tend to be higher among men than women.
- Labor force participation declined during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of the civilian population aged 16 and over that is either employed or actively seeking work on a quarterly basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate offers insights into the overall size and composition of the U.S. workforce, which is crucial for understanding employment dynamics and informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to understand labor market trends and inform decisions related to employment, workforce development, and economic growth strategies.
Q: Are there update delays or limitations?
A: The quarterly data is released with a lag of approximately two months, and the series does not account for seasonal variations in the labor force.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFUN55FEATQ647N), retrieved from FRED.