Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Portugal
Annual, Seasonally Adjusted
LFUNTTTTPTA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
351,150.00
Year-over-Year Change
-57.98%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the civilian labor force participation rate in the United States. This key labor market indicator helps economists and policymakers understand workforce dynamics and potential labor shortages.
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 noninstitutional population that is either employed or actively seeking employment. It is a widely followed indicator of labor market health and economic activity.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This metric is used by the Federal Reserve, government agencies, and private analysts to inform economic policy decisions and market analysis.
Key Facts
- The labor force participation rate reached a peak of 67.3% in 2000.
- Participation rates are lower for women compared to men.
- Declining participation can signal structural shifts in the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the percentage of the civilian noninstitutional population that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market health and provides insights into workforce dynamics and potential labor shortages.
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 the Federal Reserve, government agencies, and private analysts to inform economic policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUNTTTTPTA647S), retrieved from FRED.