Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Czechia
Annual, Seasonally Adjusted
LRUN74TTCZA156S • 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
The Annual, Seasonally Adjusted series measures the U.S. labor force participation rate, a key economic indicator tracked by policymakers and analysts.
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 crucial metric for understanding labor market dynamics and the overall health of the economy.
Methodology
This data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The participation rate is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates have declined since the Great Recession, reflecting demographic shifts and other economic factors.
- Increasing labor force participation is a key policy goal to boost economic growth and productivity.
FAQs
Q: What does this economic trend measure?
A: The labor force participation rate measures the percentage of the civilian 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 participation rate is a crucial indicator of labor market dynamics and the overall health of the economy, informing policy decisions by the Federal Reserve and other institutions.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The participation rate is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary and fiscal policy aimed at promoting economic growth and full employment.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate (LRUN74TTCZA156S), retrieved from FRED.