Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for Portugal
Annual, Seasonally Adjusted
LFUNTTMAPTA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166,500.00
Year-over-Year Change
-61.65%
Date Range
1/1/1960 - 1/1/2024
Summary
This trend measures the total annual, seasonally adjusted labor force participation rate for the United States. It is a key economic indicator tracked by policymakers and analysts to understand workforce dynamics and labor market conditions.
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 aged 16 and over that is working or actively seeking employment. This metric provides insight into the size and composition of the available labor pool, a critical factor in economic growth and employment policy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Labor force participation is closely watched by the Federal Reserve and other policymakers to assess the strength of the labor market and broader economic conditions.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates are lower for older workers and those without a college degree.
- Labor force dynamics are a key input for monetary and fiscal policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian non-institutional population aged 16 and over that is employed or actively seeking work, providing insight into the size and composition of the available labor pool.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a critical economic indicator tracked by policymakers, economists, and market analysts to assess the strength of the labor market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Labor force dynamics are closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions aimed at promoting full employment and economic growth.
Q: Are there update delays or limitations?
A: The labor force participation rate data is released monthly with a brief delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFUNTTMAPTA647S), retrieved from FRED.