Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Estonia
Annual, Seasonally Adjusted
LRUN64TTEEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.88
Year-over-Year Change
-22.31%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' series measures the U.S. civilian labor force participation rate. This key economic indicator provides insights into labor market dynamics and workforce trends.
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 non-institutional population aged 16 and over that is either employed or actively seeking work. It is a widely-used metric for evaluating the health and utilization of the U.S. labor market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Historical Context
Policymakers and economists closely monitor the labor force participation rate to assess labor market conditions and inform economic and workforce development strategies.
Key Facts
- The labor force participation rate reached a high of 67.3% in 2000.
- Participation rates have declined since the 2008 financial crisis.
- Women have a lower labor force participation rate than men.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' series measures the percentage of the civilian non-institutional population aged 16 and over that is either 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 labor market health and workforce utilization, providing important insights for policymakers, economists, and businesses.
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: Policymakers and economists closely monitor the labor force participation rate to assess labor market conditions and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is updated monthly and is subject to seasonal adjustments and potential revisions.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate (LRUN64TTEEA156S), retrieved from FRED.