Harmonized Unemployment: Aged 15-24: All Persons for the European Union
Percent, Monthly, Seasonally Adjusted
LRHU24TTEUM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.20
Year-over-Year Change
-2.74%
Date Range
1/1/2000 - 1/1/2020
Summary
This economic trend measures the monthly, seasonally adjusted percentage change in the labor force participation rate for the U.S. economy. It provides a key indicator of labor market dynamics and workforce engagement.
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 is the percentage of the civilian noninstitutional population that is either employed or actively seeking work. This metric is closely watched by economists and policymakers to assess the health and utilization of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is used to inform monetary and fiscal policy decisions that aim to promote full employment and economic stability.
Key Facts
- The U.S. labor force participation rate was 62.2% as of the latest data.
- The participation rate has declined from over 66% in the early 2000s.
- Falling participation can signal a weaker labor market and underutilized workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, seasonally adjusted percentage of the civilian noninstitutional population that is either 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 the health and utilization of the U.S. labor market, providing important insights for economic policymakers and analysts.
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 closely watched by the Federal Reserve and other policymakers to inform monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Percent, Monthly, Seasonally Adjusted (LRHU24TTEUM156S), retrieved from FRED.