Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 24 Years for Turkiye
Annual, Not Seasonally Adjusted
LFWA24MATRA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,028,750.00
Year-over-Year Change
5.23%
Date Range
1/1/2006 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the United States. It is a key indicator of the size and composition of the U.S. labor market.
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 16 and over that is employed or actively seeking work. It is a widely used metric for analyzing workforce trends and labor market dynamics.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
The labor force participation rate is closely monitored by policymakers, economists, and market analysts to assess the health and utilization of the U.S. labor market.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates vary significantly by demographic factors like age and gender.
- The participation rate declined during the COVID-19 pandemic but has started to recover.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian noninstitutional population aged 16 and over that is employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the size and composition of the U.S. labor market, providing insights into workforce trends and labor market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by policymakers, economists, and market analysts to assess the health and utilization of the U.S. labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag, and the not seasonally adjusted series may be subject to some volatility.
Related Trends
National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Turkey
TURCINSQDSMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Turkiye
TURCP020000GYQ
Harmonized Index of Consumer Prices: Beer for Turkey
CP0213TRM086NEST
Composite Leading Indicators: Reference Series (GDP) Trend for Turkiye
TURLORSGPTDSTSAM
Infra-Annual Labor Statistics: Labor Force Female: From 25 to 54 Years for Turkiye
LFAC25FETRQ647S
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 64 Years for Turkiye
LFUN64MATRQ647S
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWA24MATRA647N), retrieved from FRED.