Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Austria
Annual, Seasonally Adjusted
LFAC24TTATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
518,625.00
Year-over-Year Change
-11.42%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted labor force participation rate for the total population aged 24 to 55 in the United States. It is a key indicator of employment and economic activity.
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 share of the working-age population that is employed or actively seeking work. This metric helps economists and policymakers assess the strength of the labor market and employment trends.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
The labor force participation rate is closely monitored by the Federal Reserve and other agencies to inform economic and monetary policy decisions.
Key Facts
- The current labor force participation rate is XX.X%.
- The rate has declined from a peak of XX.X% in YYYY.
- Participation tends to be higher among prime-working-age adults.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the working-age population in the United States that is employed or actively seeking work, for individuals aged 24 to 55.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the strength of the labor market and the overall health of the economy. It helps economists and policymakers assess employment trends and labor force dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by the Federal Reserve and other agencies to inform economic and monetary policy decisions, as it provides insights into employment, consumer spending, and overall economic activity.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical delay of approximately one month. There may be revisions to previously published data as part of ongoing statistical adjustments.
Related Trends
Harmonized Index of Consumer Prices: Medical Services; Paramedical Services for Austria
CP0621ATM086NEST
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Austria
AUTFCACNUM
Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Austria
AUTCPHP1200GPM
Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Austria
AUTB6BLTT02STSAQ
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 74 Years for Austria
LFUN74MAATA647N
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 74 Years for Austria
LREM74FEATA156N
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC24TTATA647S), retrieved from FRED.