Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Ireland
Annual, Seasonally Adjusted
LFUN24MAIEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,725.00
Year-over-Year Change
-62.49%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic indicator tracks the U.S. labor force participation rate for men aged 24 to 54, adjusted for seasonal variations. It provides insight into the strength 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
The labor force participation rate measures the percentage of the working-age population that is employed or actively seeking work. This metric is a key indicator of labor market health and economic productivity.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and economists use this indicator to assess labor market trends and inform decisions around employment, wages, and economic policy.
Key Facts
- The current participation rate for men aged 24-54 is around 88%.
- The rate has declined from a peak of over 91% in the late 1990s.
- Participation rates vary by age, education, and other demographic factors.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of working-age men (ages 24-54) who are employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key metric for understanding the strength and composition 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 monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess labor market trends and inform decisions around employment, wages, and broader economic policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and the seasonally adjusted figures can be subject to periodic revisions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN24MAIEA647S), retrieved from FRED.