Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Portugal
Quarterly, Seasonally Adjusted
LFAC24TTPTQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
385,118.10
Year-over-Year Change
18.68%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures the total labor force participation rate for individuals aged 24 to 25 in the United States, adjusted for seasonal variations. It provides key insights into workforce participation and engagement among young adults.
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 tracks the proportion of the civilian non-institutional population aged 24 to 25 that is either employed or actively seeking work. It is a crucial indicator of economic conditions and labor market trends for this demographic.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey and adjusted for seasonal factors.
Historical Context
This metric is widely used by economists, policymakers, and analysts to assess the health and dynamics of the U.S. labor market.
Key Facts
- Measured quarterly, seasonally adjusted
- Tracks 24-25 year old labor force participation
- Provides insights into workforce engagement
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force participation rate for individuals aged 24 to 25 in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of economic conditions and labor market trends for young adults, providing insights into workforce engagement and dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey and adjusted for seasonal factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and analysts to assess the health and dynamics of the U.S. labor market.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis and may be subject to revisions and seasonal adjustments.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC24TTPTQ647S), retrieved from FRED.