Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Australia
Annual, Seasonally Adjusted
LRUN24FEAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.13
Year-over-Year Change
-25.68%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the civilian labor force participation rate for the United States. This key economic indicator provides insight into the supply of available workers in the labor market.
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 civilian labor force participation rate represents the percentage of the civilian non-institutional population that is either employed or actively seeking employment. It is a crucial metric for economists and policymakers to assess the health and utilization of the U.S. workforce.
Methodology
This data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The labor force participation rate is used to evaluate employment trends and inform economic and workforce development policies.
Key Facts
- The U.S. labor force participation rate has declined from a peak of 67.3% in 2000 to 61.6% in 2022.
- Women's labor force participation rate was 57.0% in 2022, compared to 67.4% for men.
- Aging population and changing social trends have contributed to the long-term decline in U.S. labor force participation.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the civilian non-institutional population that is either employed or actively seeking employment 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 health and utilization of the U.S. workforce, providing important insights for economists, policymakers, and labor market analysts.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used to evaluate employment trends and inform economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag, and may be subject to revision as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN24FEAUA156S), retrieved from FRED.