Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Czechia
Annual, Seasonally Adjusted
LRUN25TTCZA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.33
Year-over-Year Change
-62.04%
Date Range
1/1/1998 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' series measures the civilian labor force participation rate in the United States. This key economic indicator reflects the proportion of the working-age population that is employed or actively seeking employment.
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 tracks the active labor force as a percentage of the total civilian non-institutional population aged 16 and over. It is a widely followed metric used by economists and policymakers to assess labor market dynamics and workforce engagement.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Historical Context
The labor force participation rate is an important input for evaluating the health of the economy and guiding policy decisions.
Key Facts
- The U.S. labor force participation rate was 62.2% as of December 2022.
- Participation rates tend to decline during economic downturns as discouraged workers leave the labor force.
- Women's participation rate has increased substantially over the past several decades.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' series measures the civilian labor force participation rate, which is the percentage of the working-age population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of workforce engagement and labor market health, providing valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Q: How is this trend used in economic policy?
A: The labor force participation rate is an important input for evaluating the overall state of the economy and guiding policy decisions related to employment, workforce development, and economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short delay, making it a timely and reliable indicator of labor market trends.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN25TTCZA156S), retrieved from FRED.