Harmonized Unemployment: Aged 15-24: Females for the European Union
Persons, Annual, Not Seasonally Adjusted
LFHU24FEEUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,397,833.33
Year-over-Year Change
-28.86%
Date Range
1/1/2000 - 1/1/2019
Summary
This annual, not seasonally adjusted economic trend measures the total number of persons in the U.S. labor force. It provides critical insights into the size and composition of the national 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 Persons, Annual, Not Seasonally Adjusted series represents the total civilian labor force in the United States, regardless of employment status. This broad measure is widely used by economists and policymakers to analyze long-term trends in the size and characteristics of the American workforce.
Methodology
The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Historical Context
This labor force statistic informs economic and policy decisions related to employment, workforce development, and macroeconomic conditions.
Key Facts
- The U.S. labor force totaled over 165 million persons in 2022.
- The labor force participation rate was 62.2% as of January 2023.
- Women make up nearly 47% of the total U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: The Persons, Annual, Not Seasonally Adjusted series measures the total number of people in the U.S. civilian labor force, including both employed and unemployed individuals.
Q: Why is this trend relevant for users or analysts?
A: This broad labor force statistic is a key indicator of the size and composition of the American workforce, which is essential for economic analysis, policy decisions, and business planning.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force data informs decisions related to employment, workforce development, and broader macroeconomic conditions, making it a crucial input for policymakers and economists.
Q: Are there update delays or limitations?
A: The annual labor force data is typically released with a delay of several months, and may not account for recent or rapid changes in the workforce.
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Citation
U.S. Federal Reserve, Persons, Annual, Not Seasonally Adjusted (LFHU24FEEUA647S), retrieved from FRED.