Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Denmark
Annual, Seasonally Adjusted
LRUN74TTDKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.15
Year-over-Year Change
-21.13%
Date Range
1/1/1960 - 1/1/2024
Summary
This series measures the total civilian labor force participation rate for the United States on an annual, seasonally adjusted basis. The labor force participation rate is a key economic indicator that reflects the percentage of the working-age population that is employed or actively 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 labor force participation rate is an important metric for economists and policymakers as it provides insight into the overall health and utilization of a country's workforce. It can help identify trends in labor market dynamics and inform decision-making around employment, training, and economic policies.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey, a monthly household survey of the civilian non-institutional population.
Historical Context
The labor force participation rate is closely monitored by the Federal Reserve and other government agencies to gauge the strength of the U.S. economy and employment conditions.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates tend to decline during economic recessions.
- Factors like demographics, education, and social policies can influence labor force participation.
FAQs
Q: What does this economic trend measure?
A: This series measures the total civilian labor force participation rate for the United States on an annual, seasonally adjusted basis. It represents the percentage of the working-age population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key economic indicator that provides insight into the overall health and utilization of the workforce. It helps identify trends in labor market dynamics and informs decision-making around employment, training, and economic policies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey, a monthly household survey of the civilian non-institutional population.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by the Federal Reserve and other government agencies to gauge the strength of the U.S. economy and employment conditions, which informs policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is updated monthly and annually by the U.S. Bureau of Labor Statistics, with some potential for slight delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN74TTDKA156S), retrieved from FRED.