Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Luxembourg
Annual, Seasonally Adjusted
LRUNTTTTLUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.42
Year-over-Year Change
24.90%
Date Range
1/1/2003 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the U.S. civilian labor force participation rate. This key economic indicator tracks the percentage of the working-age population that is employed or actively seeking work.
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 a leading indicator of the strength of the labor market and broader economic conditions. It provides insight into the availability of workers and the overall engagement of the population in economic activity.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Policymakers and analysts closely monitor labor force participation to assess the health of the labor market and make informed decisions.
Key Facts
- The U.S. labor force participation rate was 62.1% in January 2023.
- The participation rate has declined from a peak of 67.3% in 2000.
- Women's participation rate is lower than men's, at 57.4% vs. 67.4% in 2022.
FAQs
Q: What does this economic trend measure?
A: The labor force participation rate measures the percentage of the working-age population that is 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 of the labor market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor labor force participation to assess the health of the labor market and make informed decisions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a short delay.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate (LRUNTTTTLUA156S), retrieved from FRED.