Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 64 Years for Germany
Annual, Not Seasonally Adjusted
LREM64MADEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.68
Year-over-Year Change
4.94%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the state of Maryland. This metric is a key indicator of the strength and dynamics of the state'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 represents the percentage of the civilian noninstitutional population that is either employed or actively seeking employment. This metric is widely used by economists and policymakers to assess labor market conditions and workforce engagement.
Methodology
The data is collected through the Current Population Survey, a monthly survey of households conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a crucial input for state-level economic and workforce policy decisions.
Key Facts
- Maryland's annual labor force participation rate was 65.4% in 2022.
- The national labor force participation rate was 62.3% in 2022.
- Maryland's participation rate has declined from a peak of 68.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate for the state of Maryland. It represents the percentage of the civilian population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market conditions and workforce engagement. It is closely monitored by economists and policymakers to assess the strength of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used by state-level policymakers and economists to inform workforce development, education, and economic policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 1-2 months after the end of the reference period. There may also be revisions to previously published data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM64MADEA156N), retrieved from FRED.