Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Luxembourg
Annual, Seasonally Adjusted
LRUN64TTLUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.43
Year-over-Year Change
24.15%
Date Range
1/1/2003 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the civilian labor force participation rate in the United States. This key economic indicator provides insights into labor market dynamics and the overall health of the economy.
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 represents the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. This statistic is widely used by economists and policymakers to assess labor market conditions and potential workforce capacity.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers closely monitor labor force participation as it informs decisions around employment, economic stimulus, and workforce development initiatives.
Key Facts
- The labor force participation rate in the U.S. was 62.2% as of December 2022.
- Participation rates have declined since the 2000s, reflecting demographic shifts and other economic factors.
- Lower participation can constrain economic growth and productivity.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the civilian noninstitutional 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 the health and utilization of the U.S. workforce, providing insights into labor market dynamics and economic capacity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor labor force participation to inform decisions around employment, economic stimulus, and workforce development initiatives.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a short delay, providing timely insights into evolving labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN64TTLUA156S), retrieved from FRED.