Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Austria
Annual, Not Seasonally Adjusted
LRAC24TTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.18
Year-over-Year Change
-4.11%
Date Range
1/1/1999 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted labor force participation rate for the U.S. total population. It provides insights into workforce trends and labor market dynamics.
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 who are employed or actively seeking work. This key economic indicator helps analyze the size and composition of the labor force over time.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is closely monitored by policymakers, economists, and analysts to assess the health and utilization of the nation's workforce.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are lower for older workers and individuals with disabilities.
- The labor force participation rate peaked at 67.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: This series measures the percentage of the civilian non-institutional population who are 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 key indicator of the size and utilization of the nation's workforce, providing insights into employment, economic activity, and labor market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted monthly 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, economists, and analysts closely monitor the labor force participation rate to assess the health and capacity of the labor market, which informs economic policies and decisions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC24TTATA156N), retrieved from FRED.