Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Austria
Quarterly, Not Seasonally Adjusted
LRUNTTTTATQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.01
Year-over-Year Change
14.96%
Date Range
1/1/1969 - 1/1/2025
Summary
This economic trend measures the quarterly, not seasonally adjusted labor force participation rate in the United States. It provides insight into the size and composition of the civilian labor force.
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 the proportion of the civilian non-institutional population either employed or actively seeking employment. This metric is closely watched by economists and policymakers to understand labor market dynamics and assess the utilization of human capital.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The participation rate is a key indicator used to inform economic and workforce policies.
Key Facts
- The U.S. labor force participation rate was 62.4% in June 2022.
- Participation rates tend to be higher for men than women in the U.S.
- The rate declined sharply during the COVID-19 pandemic but has been recovering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, not seasonally adjusted labor force participation rate in the United States. It represents the share of the civilian non-institutional population 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 economic indicator that provides insight into the size and composition of the labor force. It is closely watched by economists, policymakers, and market analysts to understand labor market dynamics and assess the utilization of human capital.
Q: How is this data collected or calculated?
A: The 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 used by policymakers and central banks to inform economic and workforce policies, as it reflects the level of labor market engagement and potential for economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a delay of approximately one month. There may be revisions to previously reported figures as new information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRUNTTTTATQ156N), retrieved from FRED.