Infra-Annual Labor Statistics: Unemployment Rate Male: From 25 to 54 Years for Denmark
Annual, Seasonally Adjusted
LRUN25MADKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.58
Year-over-Year Change
-31.97%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted labor force participation rate for Madison, WI. This key metric provides insight into the local workforce and labor market dynamics.
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 noninstitutional population aged 16 and over that is either employed or actively seeking work. This statistic is a vital indicator of economic activity and worker engagement.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for seasonal variations.
Historical Context
Policymakers and analysts closely monitor labor force participation to assess the health and utilization of the local workforce.
Key Facts
- Madison's annual labor force participation rate in 2022 was 71.3%.
- The participation rate has declined from a high of 74.2% in 2019.
- This metric helps gauge the available talent pool for local employers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted labor force participation rate for the Madison, Wisconsin metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of economic activity and workforce engagement, providing insights into the local job market and available talent pool.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor labor force participation to assess the health and utilization of the local workforce, informing economic development strategies and labor market policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the annual, seasonally adjusted nature of the metric may not capture rapid, short-term changes in the labor market.
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Infra-Annual Labor Statistics: Labor Force Male: From 25 to 54 Years for Denmark
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN25MADKA156S), retrieved from FRED.