Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Luxembourg
Annual, Not Seasonally Adjusted
LREM64TTLUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.68
Year-over-Year Change
5.81%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the U.S. employment rate over a 12-month period, providing insight into long-term labor market trends.
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
This annual, non-seasonally adjusted employment rate tracks the percentage of the civilian noninstitutional population aged 16 and over that is employed. It offers a broader view of the labor market compared to monthly data, helping economists and policymakers analyze employment patterns.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This metric is widely used to assess the overall health and direction of the U.S. economy.
Key Facts
- The annual employment rate reached a peak of 63.4% in 2000.
- Employment rates declined during the 2008-2009 recession, falling below 59%.
- The annual employment rate has gradually recovered since the recession, reaching 61.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the percentage of the U.S. civilian noninstitutional population aged 16 and over that is employed over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This annual employment rate provides a broader perspective on long-term labor market trends, helping economists and policymakers assess the overall health and direction of the U.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 annual employment rate is widely used by policymakers, economists, and market analysts to evaluate the strength and direction of the U.S. labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The annual employment rate data is updated monthly, with a slight delay compared to the monthly employment reports.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM64TTLUA156N), retrieved from FRED.