Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Austria
Seasonally Adjusted
LFEASETTATQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,291,170.00
Year-over-Year Change
6.23%
Date Range
1/1/1969 - 1/1/2025
Summary
The Seasonally Adjusted series tracks the civilian labor force participation rate, which measures the percentage of the working-age population either employed or actively seeking work. This metric provides insight into the health and utilization of the U.S. labor market.
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 Seasonally Adjusted labor force participation rate is a widely followed economic indicator that reflects the share of the civilian non-institutional population aged 16 and over who are employed or unemployed but actively seeking work. It is a key measure of labor market conditions and labor force utilization.
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 use the participation rate to gauge the strength of the labor market and inform economic and monetary policy decisions.
Key Facts
- The participation rate reached a peak of 67.3% in early 2000.
- The rate declined significantly during the Great Recession, falling to 62.4% by 2015.
- As of 2022, the seasonally adjusted participation rate stands at 62.2%.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted series tracks the civilian labor force participation rate, which is the percentage of the working-age population that is either 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 the health and utilization of the U.S. labor market, providing insight into the size of the available workforce and economic activity.
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 use the participation rate to gauge the strength of the labor market and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Seasonally Adjusted labor force participation rate is published monthly with minimal delays, providing timely insight into the state of the U.S. labor force.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (LFEASETTATQ647S), retrieved from FRED.