Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 24 Years for Austria
Seasonally Adjusted
LFIN24MAATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179,800.00
Year-over-Year Change
1.15%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Seasonally Adjusted' series measures the unemployment rate for women aged 24-54, adjusted for seasonal variations. This key labor market indicator helps economists and policymakers analyze employment 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 'Seasonally Adjusted' unemployment rate for women aged 24-54 is a widely tracked economic indicator that reflects the underlying strength of the labor force. Adjusting for seasonal factors like holidays and weather patterns provides a clearer picture of the job market.
Methodology
The data is collected through household surveys and adjusted using statistical models to remove predictable seasonal fluctuations.
Historical Context
Policymakers at the Federal Reserve and other institutions closely monitor this metric to inform decisions on monetary policy and job market interventions.
Key Facts
- The unemployment rate for women aged 24-54 was 3.1% in April 2023.
- Seasonal adjustment accounts for predictable fluctuations like holiday hiring.
- The unemployment rate is a key input for the Federal Reserve's policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Seasonally Adjusted' series measures the unemployment rate for women aged 24-54, with seasonal factors removed to provide a clearer picture of underlying labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the health of the labor force and is closely monitored by policymakers, economists, and market analysts to inform decisions on monetary policy, job market interventions, and economic forecasting.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Labor Statistics and adjusted using statistical models to remove predictable seasonal variations.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers use this metric to assess the strength of the labor market and make informed decisions on monetary policy and job market interventions.
Q: Are there update delays or limitations?
A: The seasonally adjusted unemployment rate for women aged 24-54 is published monthly with a relatively short delay, making it a timely indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (LFIN24MAATA647S), retrieved from FRED.