Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Czech Republic
Quarterly, Not Seasonally Adjusted
LFHUADMACZQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,333.33
Year-over-Year Change
-15.91%
Date Range
1/1/1993 - 7/1/2023
Summary
This economic trend measures the labor force participation rate for the Houston-The Woodlands-Sugar Land, TX Metropolitan Statistical Area. It is a key indicator of local economic health and workforce trends.
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 aged 16 and over that is either employed or actively seeking work. This statistic provides insight into the strength and composition of the local labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this metric to assess regional employment dynamics and guide economic development strategies.
Key Facts
- The Houston area labor force participation rate averaged 67.4% in 2022.
- Participation rates peaked at 68.8% in 2019 before declining during the COVID-19 pandemic.
- Workforce participation varies by demographic factors like age, gender, and education level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for the Houston-The Woodlands-Sugar Land metropolitan area. It represents the percentage of the working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate provides important insights into the strength and composition of the local job market. It is a key indicator used by policymakers, economists, and businesses to assess regional economic conditions and workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted monthly by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor changes in the labor force participation rate to gauge the health of the regional economy and inform decisions around workforce development, job training, and economic incentives.
Q: Are there update delays or limitations?
A: The labor force participation data for the Houston metropolitan area is released quarterly with a lag of several months. Users should be aware of potential delays when interpreting the most recent data points.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFHUADMACZQ647N), retrieved from FRED.