Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Austria
Annual, Not Seasonally Adjusted
LRUN24MAATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.43
Year-over-Year Change
0.80%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the labor force participation rate for the total population aged 16 and over in the United States. This key economic indicator provides insights into labor market dynamics and potential workforce capacity.
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 who are either employed or actively seeking work. This metric is widely used by economists and policymakers to assess the health and availability of the U.S. labor supply.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is a crucial input for evaluating employment, economic growth, and policy decisions.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates vary by age, gender, and other demographic factors.
- The rate has declined from a peak of 67.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the percentage of the civilian non-institutional population aged 16 and over who are either 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 crucial indicator of the availability and health of the U.S. labor supply, providing insights into employment, economic growth, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used by economists, policymakers, and institutions to evaluate employment, economic growth, and inform policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is updated monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN24MAATA156N), retrieved from FRED.