Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Portugal
Annual, Not Seasonally Adjusted
LRUNTTTTPTA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.43
Year-over-Year Change
-58.63%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the total civilian labor force participation rate in the United States on an annual, not seasonally adjusted basis. It is a key indicator of workforce participation and economic activity.
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 annual, not seasonally adjusted labor force participation rate represents the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. It is a widely used metric for understanding labor market dynamics and trends in workforce engagement.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, economists, and analysts to assess the strength of the U.S. labor market and broader economic conditions.
Key Facts
- The labor force participation rate was 61.7% in 2022.
- Participation rates tend to decline during economic downturns.
- Women have lower participation rates than men on average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted civilian labor force participation rate in the United States, which represents the percentage of the population aged 16 and over 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 workforce engagement and economic activity, and is closely monitored by policymakers, economists, and market analysts to assess the overall strength of the U.S. labor market.
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: Policymakers and economists use this trend to evaluate the health of the labor market and broader economic conditions, which informs policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted labor force participation rate data is published with a short delay, typically within a few months of the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUNTTTTPTA156N), retrieved from FRED.