Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Hungary
Annual, Not Seasonally Adjusted
LFEASETTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,062,700.00
Year-over-Year Change
22.84%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the civilian labor force participation rate for the United States. This key economic indicator provides insights into the size and composition of the U.S. workforce.
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 represents the percentage of the civilian non-institutional population that is either employed or actively seeking employment. Economists and policymakers closely monitor this metric to understand labor market dynamics and workforce trends.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a crucial input for economic analysis and policy decisions related to employment, economic growth, and workforce development.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates tend to decline during economic downturns.
- The aging of the population is a key factor affecting long-term trends in labor force participation.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the civilian labor force participation rate, which represents the percentage of the civilian non-institutional population that is either employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator for understanding the size and composition of the U.S. workforce, which is crucial for economic analysis and policy decisions related to employment, economic growth, and workforce development.
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: The labor force participation rate is used by economists, policymakers, and institutions to analyze labor market dynamics, workforce trends, and the overall state of the economy.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is published with a slight delay, typically a few months after the end of the reference year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEASETTHUA647N), retrieved from FRED.