Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Austria
Quarterly, Not Seasonally Adjusted
LFAC74TTATQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,716,000.00
Year-over-Year Change
2.43%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the civilian labor force participation rate on a quarterly basis, without seasonal adjustments. It provides insights into labor market dynamics and labor force engagement.
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 civilian labor force participation rate is a key economic indicator that represents the percentage of the civilian noninstitutional population who are employed or actively seeking employment. This unadjusted quarterly data offers a complementary perspective to the more commonly cited seasonally adjusted figures.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the health and utilization of the labor force over time.
Key Facts
- The labor force participation rate was 62.2% in Q1 2023.
- Participation rates tend to be higher in the summer months.
- Long-term trends show gradual declines in labor force participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the civilian labor force participation rate on a quarterly basis, without seasonal adjustments. It represents the percentage of the civilian population who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market engagement and the availability of workers. Monitoring this unadjusted quarterly data provides insights into long-term trends and cyclical patterns in the labor force.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health and utilization of the labor force, which informs decisions around employment, workforce development, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately one month after the end of the reference period. There may be revisions to previously published figures as new data becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFAC74TTATQ647N), retrieved from FRED.