Infra-Annual Labor Statistics: Unemployment Total: From 15 to 74 Years for Russia
Annual, Not Seasonally Adjusted
LFUN74TTRUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,625,523.00
Year-over-Year Change
-43.38%
Date Range
1/1/1992 - 1/1/2021
Summary
This annual, not seasonally adjusted economic indicator measures the civilian labor force participation rate in the United States. It is a key metric for understanding labor market dynamics and workforce trends.
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 civilian labor force participation rate represents the percentage of the civilian non-institutional population aged 16 and over that is working or actively seeking employment. It is a widely-tracked indicator of labor market health and workforce engagement.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this metric to assess the strength of the U.S. labor market and make informed decisions about economic and workforce policies.
Key Facts
- The labor force participation rate was 62.2% in 2022.
- Participation rates vary by gender, age, and educational attainment.
- The rate has declined from a peak of 67.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of the civilian non-institutional population aged 16 and over that is working or actively seeking employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key metric for understanding the strength and dynamics of the U.S. labor market, making it relevant for policymakers, economists, and workforce analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), 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: Policymakers and economists closely monitor this metric to assess the health of the labor market and make informed decisions about economic and workforce policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted labor force participation rate data is published with a slight delay, typically within a few months after the end of the calendar year.
Related Trends
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IR3TIB01RUM156N
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LRUNTTFERUA156N
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUN74TTRUA647N), retrieved from FRED.