Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Czechia
Annual, Not Seasonally Adjusted
LREM24TTCZA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.50
Year-over-Year Change
-2.78%
Date Range
1/1/1998 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the annual labor force participation rate for the United States. This key economic indicator provides insights into the size and composition of the U.S. workforce.
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 labor market dynamics and workforce trends.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this trend to gauge the health of the labor market and inform economic and workforce development strategies.
Key Facts
- The U.S. labor force participation rate averaged 62.8% in 2022.
- Participation rates vary by demographic factors like age, gender, and education level.
- Long-term trends show a decline in the labor force participation rate since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' 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 key indicator of the size and composition of the U.S. workforce, providing insights into labor market dynamics that are crucial for economic and workforce development analysis.
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: Policymakers and analysts monitor this trend to gauge the health of the labor market and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM24TTCZA156N), retrieved from FRED.