Unemployment Rate: Aged 15-24: All Persons for the European Union
Annual, Not Seasonally Adjusted
LRUN24TTEUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.35
Year-over-Year Change
-8.74%
Date Range
1/1/2005 - 1/1/2019
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total labor force participation rate in the United States on an annual, unadjusted basis. This key indicator provides insight into the overall size and composition of the U.S. 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 labor force participation rate represents the share of the civilian population aged 16 and over that is either employed or actively seeking work. This unadjusted annual metric is a fundamental measure of labor market engagement and can inform economic policy decisions.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor labor force participation to assess the health and utilization of the national workforce.
Key Facts
- The annual, unadjusted labor force participation rate in the U.S. was 62.1% in 2021.
- Participation rates tend to be lower for certain demographic groups, such as older adults and individuals with disabilities.
- Declining participation can signal economic challenges, such as discouragement among jobseekers.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the share of the civilian population aged 16 and over that is either employed or actively seeking work, on an annual basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the size and utilization of the national workforce, providing important context for evaluating the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor force participation to assess the strength of the labor market and inform decisions around employment, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The annual, unadjusted labor force participation data is typically published with a lag of several months following the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN24TTEUA156S), retrieved from FRED.