Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Austria
Annual, Not Seasonally Adjusted
LREM64TTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.08
Year-over-Year Change
3.71%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the annual not seasonally adjusted employment rate in the United States. It is a key indicator of labor market conditions and economic performance.
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 annual not seasonally adjusted employment rate tracks the percentage of the working-age population that is employed. It provides a broad snapshot of the labor market without the volatility of monthly or quarterly data.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor employment trends to assess the overall health of the economy.
Key Facts
- The annual employment rate averaged 59.1% in 2021.
- Employment levels declined sharply during the COVID-19 pandemic in 2020.
- The employment rate has gradually recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment rate in the United States, which represents the percentage of the working-age population that is employed.
Q: Why is this trend relevant for users or analysts?
A: The annual employment rate is a key indicator of labor market conditions and overall economic performance, providing a broad snapshot of the employment situation without the volatility of monthly or quarterly data.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor employment trends to assess the overall health of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The annual employment rate data is published with a lag, typically several months after the end of the calendar year.
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Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Austria
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM64TTATA156N), retrieved from FRED.