Infra-Annual Labor Statistics: Unemployment Female: 15 Years or over for Australia
Annual, Not Seasonally Adjusted
LFUNTTFEAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
278,106.70
Year-over-Year Change
-4.68%
Date Range
1/1/1964 - 1/1/2024
Summary
This economic trend measures the total labor force participation rate in the U.S., which is a key indicator of economic activity and employment. It provides crucial insights for policymakers and analysts.
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 non-institutional population that is either employed or actively seeking work. It is a widely used metric for understanding labor market dynamics and workforce engagement.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Labor force participation is a key input for economic forecasting and policy decisions related to employment, wages, and overall economic performance.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates are lower among older workers and discouraged job seekers.
- Changes in the participation rate can impact unemployment and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian non-institutional population in the U.S. that is either employed or actively seeking work, known as the labor force participation rate.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the health and engagement of the labor market, providing insights into economic activity, employment dynamics, and workforce trends.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey, a monthly household survey that gathers information on employment and labor force status.
Q: How is this trend used in economic policy?
A: Changes in the labor force participation rate are closely monitored by policymakers, economists, and market analysts to inform decisions and forecasts related to employment, wages, and overall economic performance.
Q: Are there update delays or limitations?
A: The labor force participation rate data is updated monthly and published by the U.S. Federal Reserve, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFUNTTFEAUA647N), retrieved from FRED.