Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 64 Years for Austria
Annual, Not Seasonally Adjusted
LRUN64MAATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.63
Year-over-Year Change
3.55%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the civilian labor force participation rate in the United States. This key metric indicates the active portion of the population either employed or 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 percentage of the civilian non-institutional population aged 16 and over that is either employed or actively looking for work. This metric provides important insights into workforce dynamics and labor market conditions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Labor force participation is a crucial indicator used by policymakers and economists to assess the health and utilization of the national workforce.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates vary significantly by age, gender, and education level.
- Long-term declines in participation have been linked to demographic shifts and structural economic changes.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the civilian labor force participation rate, which is the percentage of the non-institutional population aged 16 and over that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of workforce dynamics and labor market health, providing insights into the overall utilization of the national labor force.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Labor force participation is closely monitored by policymakers and economists to assess the strength of the labor market and inform decisions on economic and workforce development policies.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' data is released monthly with a one-month lag, providing timely insights into labor force trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN64MAATA156N), retrieved from FRED.