Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for Denmark
Growth rate previous period, Annual, Seasonally Adjusted
LFEM24FEDKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.83
Year-over-Year Change
-236.65%
Date Range
1/1/2000 - 1/1/2022
Summary
This economic trend measures the annual growth rate of the labor force participation rate, a key indicator of workforce utilization and economic health.
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 civilian non-institutional population that is either employed or actively seeking work. Its growth rate is a valuable metric for economists and policymakers to gauge labor market dynamics and the overall strength of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Historical Context
Policymakers monitor this trend to inform decisions around employment, monetary, and fiscal policies.
Key Facts
- The labor force participation rate in the U.S. was 62.2% as of January 2023.
- The annual growth rate of the participation rate has averaged 0.1% over the past 10 years.
- Declining participation rates can signal discouraged workers leaving the labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percentage change in the labor force participation rate, which represents the share of the civilian non-institutional population that is 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 strength of the labor market and overall economic health. Its growth rate provides insights into workforce utilization and labor force dynamics that are important for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through its monthly household surveys and calculated as the annual percentage change in the participation rate.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the labor force participation rate and its growth to inform decisions around employment, monetary, and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The labor force participation rate data is released monthly with the Employment Situation report, so there is typically a short 1-2 month delay in the availability of the latest figures.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Denmark
DNKCPGRLH01GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Denmark
DNKCPHP1200GYM
Gross Domestic Product Per Capita for Denmark
PCAGDPDKA646NWDB
Consumer Price Index: Harmonized Prices: Energy: Total for Denmark
DNKCPHPEN01GPM
Balance of Payments: Other Investment: Net (Assets Minus Liabilities) for Denmark
DNKB6FAOI01CXCUQ
Unemployment to Population Rate: All Ages: All Persons for Denmark
LRUPTTTTDKQ156S
Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM24FEDKA657S), retrieved from FRED.