Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Australia
Quarterly, Seasonally Adjusted
LRHU24TTAUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.01
Year-over-Year Change
2.25%
Date Range
4/1/1978 - 1/1/2025
Summary
This quarterly, seasonally adjusted trend measures the labor force participation rate for the U.S. population aged 24 to 54. It is a key indicator of workforce engagement and economic conditions.
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 percentage of the working-age population that is employed or actively seeking work. This metric provides insights into labor market dynamics and the overall health of the economy.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and analysts use this trend to assess labor market strength and make informed economic decisions.
Key Facts
- The U.S. labor force participation rate for ages 24-54 was 82.1% in June 2023.
- Participation rates have declined from a peak of 84.6% in early 2000s.
- Lower participation can signal discouraged workers or demographic shifts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the U.S. population aged 24 to 54 that is employed or actively seeking work, providing insights into labor market dynamics.
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 health, helping policymakers and analysts assess labor market strength.
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 and economists use this trend to evaluate labor market conditions and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a short delay, and may be subject to revisions based on new information.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRHU24TTAUQ156S), retrieved from FRED.