Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for OECD
Seasonally Adjusted
OECDLFUN64TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,327,800.00
Year-over-Year Change
-2.28%
Date Range
1/1/2008 - 1/1/2025
Summary
The 'Seasonally Adjusted' series measures the ratio of labor force to total population in the United States. This key economic indicator provides insight into the overall employment and labor market conditions.
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 'Seasonally Adjusted' ratio represents the percentage of the U.S. population that is actively participating in the labor force. Economists and policymakers use this data to analyze trends in workforce engagement and evaluate the health of the broader economy.
Methodology
The data is collected and adjusted for seasonal variations by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
This labor force participation rate is a crucial input for economic forecasting and policy decisions.
Key Facts
- The labor force participation rate reached a high of 67.3% in 2000.
- Women's labor force participation rate has increased from 43.3% in 1970 to 57.4% in 2021.
- The COVID-19 pandemic caused a sharp decline in the labor force participation rate in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Seasonally Adjusted' series measures the percentage of the U.S. population that is actively participating in the labor force.
Q: Why is this trend relevant for users or analysts?
A: This labor force participation rate is a key economic indicator that provides insight into workforce engagement and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected and adjusted for seasonal variations by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: Policymakers and economists use this labor force participation data to inform economic forecasting and decision-making.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have update delays typical of government-published economic statistics.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (OECDLFUN64TTSTSAQ), retrieved from FRED.