Unemployment Rate in Hawaii
Annual, Not Seasonally Adjusted
LAUST150000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-48.28%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total civilian labor force participation rate in the United States. This key economic indicator provides insights into the health and dynamics of the U.S. labor market.
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 civilian labor force participation rate represents the proportion of the civilian non-institutional population that is either employed or actively seeking work. This metric is closely monitored by economists and policymakers to assess employment conditions and the size of the available workforce.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a critical input for economic analysis and policy decisions related to employment, wages, and economic growth.
Key Facts
- The U.S. labor force participation rate was 62.4% in 2022.
- Participation rates are lower for older workers and higher for prime-age adults.
- The rate has declined from its peak of 67.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of the civilian non-institutional population that is either employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the health and dynamics of the U.S. labor market, providing insights into employment conditions, workforce availability, and economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a key input for economic analysis and policy decisions related to employment, wages, and overall economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly with a one-month lag, and the annual, not seasonally adjusted figures are updated annually.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST150000000000003A), retrieved from FRED.