Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Denmark
Annual, Seasonally Adjusted
LREM24TTDKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.03
Year-over-Year Change
14.89%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the total labor force in the United States. It is a key indicator used by policymakers and economists to understand the size and dynamics of the national workforce.
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
This economic series represents the total number of people aged 16 and older who are employed or actively seeking work in the United States. It is a widely referenced metric for analyzing the overall health and growth of the labor market.
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
Economists and policymakers closely monitor this trend to assess the strength of the economy and make informed decisions about employment, fiscal, and monetary policies.
Key Facts
- The U.S. labor force totaled over 164 million people in 2022.
- Labor force participation rate was 62.2% as of December 2022.
- The unemployment rate in the U.S. was 3.5% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' 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: This metric is a key indicator of the overall health and dynamics of the U.S. labor market, which is crucial for policymakers, economists, and businesses to understand.
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: Economists and policymakers closely monitor this trend to assess the strength of the economy and make informed decisions about employment, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month from the reference period.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Denmark
LRHUTTTTDKM156S
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for Denmark
LREM64FEDKA156S
Work Started: Construction: Dwellings and Residential Buildings: Total for Denmark
WSCNDW01DKA489S
Business Tendency Surveys: Orders Inflow: Economic Activity: Manufacturing: Tendency for Denmark
BSOITE02DKQ460S
Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Denmark
DNKCPHP1200IXEBM
Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Denmark
DNKSARTQISMEI
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM24TTDKA156S), retrieved from FRED.