Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Slovak Republic
Quarterly, Seasonally Adjusted
LFAC24TTSKQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145,576.80
Year-over-Year Change
7.32%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the civilian labor force participation rate for adults aged 25 to 54 in the United States on a quarterly, seasonally adjusted basis. It is a key indicator of labor market strength 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 percentage of the working-age population that is employed or actively seeking work. This metric provides insight into the overall health and utilization of the labor force, which is crucial for policymakers and economists analyzing economic trends.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to assess labor market conditions and inform economic policy decisions.
Key Facts
- The current quarterly, seasonally adjusted labor force participation rate is XX.X%.
- This metric has increased/decreased by X.X percentage points over the past year.
- Participation rates tend to be higher for prime-working-age adults compared to younger or older workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian population aged 25 to 54 who are employed or actively seeking work on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the strength and utilization of the labor market, providing important insights for policymakers, economists, and investors.
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: Policymakers and analysts use this trend to assess labor market conditions and inform decisions on monetary, fiscal, and employment policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC24TTSKQ647S), retrieved from FRED.