Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Sweden
Annual, Seasonally Adjusted
LFUN24TTSEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165,700.00
Year-over-Year Change
11.21%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total labor force participation rate for the U.S. civilian noninstitutional population aged 24 to 54. This key economic indicator provides insights into workforce dynamics and labor market health.
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 noninstitutional population aged 24 to 54 that is either employed or actively seeking work. This metric is widely used by economists and policymakers to analyze workforce trends and assess the strength of the labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Policymakers monitor this trend to inform decisions on economic and employment policies.
Key Facts
- The labor force participation rate for ages 24-54 was 82.3% in January 2023.
- Participation rates have declined from a peak of 84.6% in early 2000s.
- Aging population and changing workforce trends contribute to lower participation.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the total labor force participation rate for the U.S. civilian noninstitutional population aged 24 to 54.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insights into workforce dynamics and labor market health, which is crucial for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to inform decisions on economic and employment policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUN24TTSEA647S), retrieved from FRED.