Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Slovak Republic
Annual, Not Seasonally Adjusted
LRHU24TTSKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.18
Year-over-Year Change
-45.60%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the United States. It is a key indicator of the size and composition of the U.S. workforce.
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 represents the percentage of the civilian non-institutional population aged 16 and over that is employed or actively seeking work. This metric is closely watched by policymakers and economists to gauge the strength and health of the labor market.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is used to analyze employment, economic growth, and workforce trends.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates are lower for older workers and women compared to other demographic groups.
- Declining participation has been a long-term trend in the U.S. since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian non-institutional population aged 16 and over that is employed or actively seeking work 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 the strength and health of the U.S. labor market, providing insights into employment levels, economic growth, and workforce dynamics.
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: The labor force participation rate is closely monitored by policymakers, economists, and analysts to assess the overall state of the economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release delay of around one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHU24TTSKA156N), retrieved from FRED.