Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Austria
Annual, Not Seasonally Adjusted
LREM55TTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.85
Year-over-Year Change
41.47%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the civilian labor force participation rate for the U.S. over time. This key metric provides insight into labor market dynamics and workforce engagement.
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 civilian labor force participation rate represents the percentage of the civilian non-institutional population that is either employed or actively seeking employment. This statistic is a valuable indicator of economic activity and labor market health.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Labor force participation data informs economic analysis, monetary policy, and workforce development initiatives.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates have declined since the early 2000s.
- Demographic shifts and economic conditions influence labor force trends.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the civilian labor force participation rate, which represents the percentage of the working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Labor force participation is a key indicator of economic activity and labor market health, providing insight into workforce engagement and the availability of human capital.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted 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 and economists analyze labor force participation data to inform economic analysis, monetary policy decisions, and workforce development initiatives.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is released with a relatively short delay, typically a few months after the end of the reference year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM55TTATA156N), retrieved from FRED.