Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Luxembourg
Annual, Seasonally Adjusted
LFUN24TTLUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,875.00
Year-over-Year Change
92.62%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' series measures the U.S. labor force participation rate on an annual basis, adjusting for seasonal variations. This key economic indicator provides insights into the size and composition of the American 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 labor force participation rate tracks the percentage of the civilian non-institutional population aged 16 and over who are employed or actively seeking work. It is a crucial metric for understanding employment trends and the overall health of the U.S. economy.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and seasonally adjusted by the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor the labor force participation rate to gauge the strength of the job market and guide economic and workforce development strategies.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2021.
- Participation rates are typically lower for older workers and women.
- The rate declined during the COVID-19 pandemic but has been recovering.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' series measures the percentage of the U.S. civilian non-institutional population aged 16 and over who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the strength and composition of the U.S. workforce, providing insights that inform economic and employment policies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and seasonally adjusted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the labor force participation rate to gauge the strength of the job market and guide economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a typical one-month delay.
Related Trends
Harmonized Index of Consumer Prices: Water Supply for Luxembourg
CP0441LUM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Luxembourg
LUXCPHP0600IXOBM
Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Luxembourg
LUXCPHP0400GPM
Producer Prices Index: Economic Activities: Industrial Activities: Total for Luxembourg
LUXPIEATI01GYM
Business Tendency Surveys: Finished Goods Stocks: Economic Activity: Manufacturing: Current for Luxembourg
BSFGLV02LUM460S
Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 74 Years for Luxembourg
LFWA74MALUQ647S
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN24TTLUA647S), retrieved from FRED.