Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Australia
Annual, Not Seasonally Adjusted
LRUN24MAAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.62
Year-over-Year Change
-14.69%
Date Range
1/1/1979 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the annual labor force participation rate in the United States. This key economic indicator provides insights into workforce trends and is closely monitored by policymakers.
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 proportion of the civilian, non-institutional population that is either employed or actively seeking work. This metric is a valuable data point for understanding labor market dynamics and evaluating the health of the broader economy.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
The labor force participation rate is used by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The U.S. labor force participation rate averaged 62.8% in 2022.
- Participation rates tend to decline during economic downturns.
- Women's participation rate is lower than men's in the U.S.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the percentage of the civilian, non-institutional population that is 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 key indicator of labor market health and workforce trends, providing important insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions, as it reflects the strength and dynamics of the labor market.
Q: Are there update delays or limitations?
A: This annual, not seasonally adjusted data series is published with a lag, typically several months after the end of the reference year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN24MAAUA156N), retrieved from FRED.