Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Czechia
Annual, Not Seasonally Adjusted
LRUN74TTCZA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.60
Year-over-Year Change
-62.86%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the U.S. employment-to-population ratio, a key indicator of labor market strength and workforce participation.
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 employment-to-population ratio represents the proportion of the civilian non-institutional population aged 16 and over that is employed. It is a valuable metric for assessing the overall health and utilization of the U.S. labor force.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this trend to gauge the state of the economy and make informed decisions.
Key Facts
- The ratio reached a high of 63.4% in 2000.
- It dropped to 58.5% during the Great Recession.
- As of 2022, the ratio stands at 59.9%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of the civilian non-institutional population aged 16 and over that is employed in the United States.
Q: Why is this trend relevant for users or analysts?
A: The employment-to-population ratio is a valuable indicator of labor market strength and workforce participation, providing insights into the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge the state of the economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The employment-to-population ratio data is published monthly with a brief delay, providing timely insights into the U.S. labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN74TTCZA156N), retrieved from FRED.