Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for Turkiye
Quarterly, Not Seasonally Adjusted
LFAC24MATRQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,479,000.00
Year-over-Year Change
6.62%
Date Range
1/1/2006 - 1/1/2025
Summary
This economic trend measures the quarterly labor force participation rate for adults aged 24 to 54 in the United States. Understanding this metric is crucial for economists and policymakers to assess the health and utilization of the working-age population.
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 labor force participation rate represents the percentage of the civilian noninstitutional population that is either employed or actively seeking work. This key economic indicator is widely used to analyze workforce dynamics and labor market trends.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Economists and policymakers monitor this metric to gauge labor market conditions and inform economic policies.
Key Facts
- The current U.S. labor force participation rate for adults aged 24-54 is around 82%.
- Participation rates have declined since the 2008 financial crisis but have shown signs of recovery in recent years.
- Gender differences in participation rates have narrowed over time but remain significant.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian noninstitutional population aged 24 to 54 who are 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 utilization of the working-age population, providing insights into labor market dynamics that inform economic policies and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess labor market conditions and inform policies aimed at promoting employment and economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical delay of a few weeks, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFAC24MATRQ647N), retrieved from FRED.