Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Russia
Quarterly, Seasonally Adjusted
LRUN74TTRUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.25
Year-over-Year Change
-10.83%
Date Range
1/1/1999 - 10/1/2021
Summary
The Quarterly, Seasonally Adjusted series measures the total labor force participation rate for the United States. This metric is a key indicator of the strength and capacity of the American workforce.
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 noninstitutional population aged 16 and over that is either employed or actively seeking work. This data series provides a comprehensive view of the U.S. labor market and is closely monitored by economists and policymakers.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey (CPS).
Historical Context
The labor force participation rate is a crucial input for economic analysis and federal policy decisions.
Key Facts
- The labor force participation rate reached a high of 67.3% in early 2000.
- The rate declined from 66% in 2008 to a low of 62.4% in 2015.
- Participation has remained below 63% since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total labor force participation rate for the United States, which represents the percentage of the civilian 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 the strength and capacity of the American workforce, providing crucial insight into the health and dynamics of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey (CPS).
Q: How is this trend used in economic policy?
A: The labor force participation rate is a crucial input for economic analysis and federal policy decisions, as it reflects the overall labor market conditions and the potential for economic growth.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a typical release delay of around one month.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRUN74TTRUQ156S), retrieved from FRED.