Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for OECD
Not Seasonally Adjusted
OECDLFAC24MASTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,583,600.00
Year-over-Year Change
4.17%
Date Range
7/1/2010 - 1/1/2025
Summary
The 'Not Seasonally Adjusted' trend provides an unadjusted measure of labor force participation across OECD countries. It offers a raw representation of labor market activity without seasonal factors removed.
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 'Not Seasonally Adjusted' labor force participation rate tracks the percentage of the working-age population that is employed or actively seeking work. This baseline metric is useful for analyzing long-term labor market trends without the distortions of seasonal employment patterns.
Methodology
The data is collected through household and employer surveys conducted by national statistical agencies and compiled by the OECD.
Historical Context
Policymakers and economists use the non-seasonally adjusted labor force participation rate to gauge the underlying strength and utilization of the labor market.
Key Facts
- The U.S. not seasonally adjusted labor force participation rate was 62.2% in March 2023.
- OECD countries have seen declines in labor force participation since the COVID-19 pandemic began.
- Non-adjusted rates provide a more direct measure of the available workforce compared to seasonally adjusted data.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' labor force participation rate tracks the percentage of the working-age population that is employed or actively seeking work, without adjusting for seasonal employment patterns.
Q: Why is this trend relevant for users or analysts?
A: The non-seasonally adjusted labor force participation rate offers a baseline view of labor market strength and utilization, which is useful for policymakers and economists to analyze long-term trends.
Q: How is this data collected or calculated?
A: The data is collected through household and employer surveys conducted by national statistical agencies and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the non-seasonally adjusted labor force participation rate to gauge the underlying health and capacity of the labor market, which informs economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates from national statistical agencies, which can result in publication delays compared to seasonally adjusted figures.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (OECDLFAC24MASTQ), retrieved from FRED.