Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Russia
Quarterly, Seasonally Adjusted
LFUNTTTTRUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,200,826.00
Year-over-Year Change
-11.56%
Date Range
1/1/1999 - 10/1/2021
Summary
This quarterly, seasonally adjusted economic trend measures the U.S. labor force, which is a key indicator of the overall health of the economy.
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 represents the total number of people aged 16 and older who are either employed or actively seeking work. It is a crucial metric for policymakers and analysts to gauge the strength and direction of the job market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force trend provides context for employment figures and is used to assess the capacity of the economy to support additional job growth.
Key Facts
- The U.S. labor force totaled over 164 million people in 2022.
- The labor force participation rate was 62.2% as of January 2023.
- The labor force has grown by over 10 million since the COVID-19 pandemic low in 2020.
FAQs
Q: What does this economic trend measure?
A: The labor force trend measures the total number of people aged 16 and older 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 trend is a crucial indicator of the overall health and direction of the job market, providing context for employment figures and the economy's capacity for additional job growth.
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.
Q: How is this trend used in economic policy?
A: The labor force trend is closely monitored by policymakers, economists, and market analysts to assess the strength and resilience of the U.S. job market and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The labor force data is updated on a quarterly basis, with a potential delay of several weeks between the end of the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFUNTTTTRUQ647S), retrieved from FRED.