Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 24 Years for Brazil
Annual, Not Seasonally Adjusted
LRIN24TTBRA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.92
Year-over-Year Change
17.25%
Date Range
1/1/2003 - 1/1/2014
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total labor input, a key indicator of economic activity. It provides insight into productivity and employment dynamics.
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 metric represents the total labor input, calculated as the product of total hours worked and total employment. It serves as a comprehensive measure of labor utilization, offering valuable insights for economists and policymakers.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to analyze workforce productivity and the overall health of the labor market.
Key Facts
- The annual, not seasonally adjusted labor input metric dates back to 1948.
- It reached a record high of 206.78 in 2019 before declining during the COVID-19 pandemic.
- Changes in this trend closely correlate with GDP growth and overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total labor input, which represents the combined hours worked by all employed individuals in the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive view of labor utilization, offering insights into productivity, employment dynamics, and the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the state of the labor market and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' data is released on a regular schedule by the Bureau of Labor Statistics, with minimal update delays.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRIN24TTBRA156N), retrieved from FRED.