Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 24 Years for Canada
Annual, Not Seasonally Adjusted
LRIN24MACAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.11
Year-over-Year Change
4.97%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the annual labor force participation rate in the U.S. This key metric provides insights into the overall size and engagement 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 proportion of the civilian non-institutional population that is either employed or actively seeking work. It is a crucial indicator of economic activity and labor market health.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and economists closely monitor labor force participation to assess labor market trends and make informed decisions.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are lower for older workers and women compared to younger adults and men.
- The participation rate declined sharply during the COVID-19 pandemic but has been gradually recovering.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of the civilian non-institutional population that is either 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 overall size and engagement of the national workforce, providing important insights into economic activity and labor market health.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor force participation to assess labor market trends and make informed decisions about economic and workforce policies.
Q: Are there update delays or limitations?
A: The annual labor force participation data is released with a lag, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRIN24MACAA156N), retrieved from FRED.