Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Australia
Annual, Not Seasonally Adjusted
LREM24TTAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.81
Year-over-Year Change
7.07%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the total population aged 24 to 54 in the United States. It provides insights into the labor market and is closely monitored by economists and policymakers.
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 proportion of the working-age population that is either employed or actively seeking employment. This trend offers a broader perspective on the overall health and utilization of the working-age population, beyond just employment figures.
Methodology
The 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 by the Federal Reserve and other policymakers to assess the strength of the labor market and inform economic policy decisions.
Key Facts
- The labor force participation rate for the 24-54 age group was 81.9% in 2022.
- The participation rate has declined from a peak of 84.6% in 1999.
- Women's participation rate is lower than men's, but the gap has narrowed over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for the total U.S. population aged 24 to 54, on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the strength and utilization of the working-age population, providing insights into the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by the Federal Reserve and other policymakers to assess the strength of the labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually and may be subject to minor revisions over time.
Related Trends
Infra-Annual Labor Statistics: Unemployment Rate Female: 15 Years or over for Australia
LRUNTTFEAUQ156N
Compensation of Employees in Australia
AUSCOMPQDSNAQ
Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for Australia
LFUN55MAAUA647N
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Australia
CPGRLE01AUA657N
Real Exports of Goods for Australia
NXGRNSAXDCAUQ
Nominal Exports of Goods for Australia
NXGSAXDCAUQ
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM24TTAUA156N), retrieved from FRED.