Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Denmark
Annual, Not Seasonally Adjusted
LRUN55TTDKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.85
Year-over-Year Change
-33.62%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the total labor force in the United States on an annual, not seasonally adjusted basis. It provides valuable insights into the 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 annual, not seasonally adjusted labor force data represents the total number of people employed or actively seeking employment in the United States. This key metric is widely used by economists and policymakers to analyze long-term labor market trends and inform economic decision-making.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This labor force trend is a crucial input for assessing the overall health and dynamics of the U.S. economy.
Key Facts
- The U.S. labor force totaled over 164 million people in 2022.
- The labor force participation rate was 62.4% in 2022.
- The unemployment rate in the U.S. was 3.5% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed or actively seeking employment in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted labor force data is a crucial metric for understanding long-term trends and dynamics in the U.S. labor market, which is a key driver of overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists rely on this labor force data to assess the health of the U.S. economy and inform decision-making on issues such as employment, wages, and workforce development.
Q: Are there update delays or limitations?
A: The annual labor force data is released with a short lag, typically a few months after the end of the calendar year. There are no known major limitations to the data collection or reporting.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55TTDKA156N), retrieved from FRED.