Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for Hungary
Annual, Not Seasonally Adjusted
LFWATTTTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,013,525.00
Year-over-Year Change
-3.73%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual civilian labor force participation rate in the United States, without seasonal adjustments. It provides important insights into the overall size and composition of the U.S. labor force.
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 civilian labor force participation rate represents the percentage of the civilian non-institutional population that is either employed or actively seeking work. This metric is closely watched by economists and policymakers to gauge the health and utilization of the U.S. labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Trends in labor force participation are crucial for understanding the dynamics of the U.S. economy and informing policy decisions.
Key Facts
- The annual labor force participation rate in the U.S. was 62.2% in 2022.
- Labor force participation has declined from its peak of 67.3% in 2000.
- Participation rates vary significantly by age, gender, and other demographic factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual civilian labor force participation rate in the United States, which represents the percentage of the civilian non-institutional population that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the health and utilization of the U.S. labor market, and trends in this metric are closely watched by economists and policymakers to understand the dynamics of the overall economy.
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: Trends in labor force participation are used by policymakers, analysts, and institutions to inform decisions and policies related to employment, economic growth, and workforce development.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Bureau of Labor Statistics, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWATTTTHUA647N), retrieved from FRED.