Unemployment Rate in Wisconsin
Annual, Not Seasonally Adjusted
LAUST550000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-56.52%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend tracks the year-over-year change in the U.S. labor force participation rate, a key indicator of the health of the 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
This economic indicator represents the percentage of the civilian noninstitutional population aged 16 and over who are either employed or actively seeking work. Economists closely monitor labor force participation to understand labor market dynamics and workforce trends.
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 crucial metric used by policymakers, economists, and market analysts to assess the state of the economy and guide economic decision-making.
Key Facts
- The U.S. labor force participation rate reached a high of 67.3% in 2000.
- Participation rates tend to decline during economic downturns and recover slowly during expansions.
- Women's labor force participation has increased significantly over the past several decades.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend tracks the percentage of the civilian noninstitutional population aged 16 and over who are either employed or actively seeking work.
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 labor market, providing insights into workforce trends that are vital for policymakers, economists, and market analysts.
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: The labor force participation rate is closely monitored by policymakers, who use it to assess the state of the economy and guide economic decision-making.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' data is released on a regular schedule, with minimal delays. However, there may be some limitations in capturing short-term or regional labor market dynamics.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST550000000000003A), retrieved from FRED.