Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Luxembourg
Annual, Not Seasonally Adjusted
LRUN24MALUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.20
Year-over-Year Change
28.76%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the civilian labor force participation rate for the United States. This key indicator provides insights into the size and composition of the active 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 civilian labor force participation rate represents the percentage of the civilian non-institutional population that is employed or actively seeking employment. This metric is widely used by economists and policymakers to analyze labor market dynamics and assess the underlying strength of the economy.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Labor force participation is a critical input for economic forecasting and policy decisions related to employment, wages, and economic growth.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are lower for women compared to men.
- The rate has declined since the early 2000s due to demographic and structural changes.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of the civilian non-institutional population that is 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 strength and utilization of the U.S. workforce, providing insights into economic growth, employment, and the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) 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: Policymakers and economists closely monitor the labor force participation rate to inform decisions related to employment, wages, and overall economic growth.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' data is released monthly with a slight delay, typically a few weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN24MALUA156N), retrieved from FRED.