Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Turkiye
Annual, Seasonally Adjusted
LRHU24MATRA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.10
Year-over-Year Change
-10.22%
Date Range
1/1/2005 - 1/1/2024
Summary
The Annual, Seasonally Adjusted series measures the total labor force participation rate for the United States. This key economic indicator provides insights into the size and composition 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
The labor force participation rate tracks the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. This metric is widely used by economists and policymakers to assess the strength and dynamism of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a critical input for economic policy decisions and labor market analysis.
Key Facts
- The U.S. labor force participation rate reached a peak of 67.3% in 2000.
- Participation rates have declined since the 2008 financial crisis, reflecting demographic shifts and lingering effects of the recession.
- The participation rate for women has increased significantly since the 1970s but remains lower than the rate for men.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the percentage of the civilian noninstitutional population aged 16 and over 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 key indicator of the strength and dynamics of the U.S. labor market, providing valuable insights for economists, policymakers, and market analysts.
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 participation rate is a critical input for economic policy decisions and labor market analysis, informing workforce and employment strategies.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRHU24MATRA156S), retrieved from FRED.