Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Austria
Annual, Seasonally Adjusted
LFUN24MAATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,825.00
Year-over-Year Change
-10.62%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the total labor force of men aged 24 and above in the United States. This key economic indicator provides insights into the size and composition of the working-age population.
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
This series represents the total number of men aged 24 and above who are either employed or actively seeking work in the U.S. labor force. It is a crucial metric for analyzing labor market dynamics, workforce participation, and the broader economic health of the country.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and economists closely monitor this trend to inform decisions around employment, economic growth, and social welfare programs.
Key Facts
- The U.S. male labor force totaled over 77 million in 2022.
- The labor force participation rate for men aged 24 and above was 69.3% in 2022.
- The male labor force has grown by 6.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total number of men aged 24 and above who are either employed or actively seeking work in the U.S. labor force.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the size, composition, and dynamics of the working-age population, which informs economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the overall health of the labor market and make informed decisions about employment, economic growth, and social welfare programs.
Q: Are there update delays or limitations?
A: The data is updated monthly and is subject to regular revisions by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN24MAATA647S), retrieved from FRED.