Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Austria
Annual, Not Seasonally Adjusted
LFWA24TTATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
906,850.00
Year-over-Year Change
-7.63%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual not seasonally adjusted labor force participation rate for the total population in the United States. It provides important insights into the overall size and composition of the U.S. labor market.
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 metric is widely used by economists and policymakers to assess the health and underlying dynamics of the U.S. labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Trends in labor force participation are closely monitored by the Federal Reserve and other agencies to inform economic and monetary policy decisions.
Key Facts
- The U.S. labor force participation rate averaged 63.1% in 2022.
- Participation rates have declined since the early 2000s due to demographic shifts and other economic factors.
- Variations in labor force participation can impact employment, wages, and other key economic metrics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the overall health and dynamics of the U.S. labor market, providing important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Trends in labor force participation are closely monitored by the Federal Reserve and other agencies to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a lag, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate: Total Population in the United States (LFWA24TTATA647N), retrieved from FRED.