Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Hungary
Annual, Not Seasonally Adjusted
LRACTTTTHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.58
Year-over-Year Change
19.16%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the United States. It provides important insights into the 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 is the percentage of the civilian noninstitutional population that is either employed or actively seeking work. This metric is closely watched by economists and policymakers to understand labor market dynamics and assess the health of the overall economy.
Methodology
This data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
The labor force participation rate is a key indicator used to inform economic and monetary policy decisions.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2021.
- Participation rates are lower for older workers and women compared to younger workers and men.
- Changes in the participation rate can signal shifts in economic conditions and worker confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate in the United States. It represents 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: The labor force participation rate is a key economic indicator used by policymakers, analysts, and institutions to understand the size and composition of the U.S. labor market and assess the overall health of the economy.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Changes in the labor force participation rate are closely monitored by the Federal Reserve and other policymakers 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 short lag, allowing for timely analysis of labor market trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRACTTTTHUA156N), retrieved from FRED.