Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Austria
Annual, Not Seasonally Adjusted
LREM74TTATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.20
Year-over-Year Change
3.16%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted labor force participation rate for the prime-age population (ages 25-54) in the United States. It provides insights into workforce engagement and economic activity.
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 tracks the proportion of the working-age population that is employed or actively seeking work. This metric is closely monitored by economists and policymakers to assess the strength of the labor market and overall economic conditions.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers use this trend to inform decisions on employment, workforce development, and macroeconomic policies.
Key Facts
- The prime-age labor force participation rate in the U.S. was 82.3% in 2022.
- Participation rates tend to be higher for men than women in this age group.
- Participation rates have declined since the 2000s due to factors like population aging.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate for the prime-age population (ages 25-54) 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 workforce engagement and economic activity, providing insights that are closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to inform decisions on employment, workforce development, and macroeconomic policies.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the latest data, and the not seasonally adjusted nature of the trend should be considered when interpreting the results.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM74TTATA156N), retrieved from FRED.