Infra-Annual Labor Statistics: Inactivity Rate Male: From 55 to 64 Years for Austria
Annual, Not Seasonally Adjusted
LRIN55MAATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.65
Year-over-Year Change
-35.54%
Date Range
1/1/1999 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend measures the labor force participation rate in the United States. It provides insights into the overall size and engagement of the U.S. 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 represents the percentage of the civilian non-institutional population aged 16 and over who are either employed or actively seeking work. It is a key indicator of the health 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
Economists and policymakers closely monitor the labor force participation rate to assess the strength of the economy and inform policy decisions.
Key Facts
- The labor force participation rate reached a high of 67.3% in 2000.
- The rate declined from 66.0% in 2007 to 62.8% in 2015, reflecting the impact of the Great Recession.
- Participation rates vary by age, gender, and other demographic factors.
FAQs
Q: What does this economic trend measure?
A: The labor force participation rate measures the percentage of the civilian non-institutional population aged 16 and over who are 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 insights into workforce engagement and the overall health of the economy.
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: Economists and policymakers closely monitor the labor force participation rate to assess the strength of the economy and inform policy decisions related to employment, workforce development, and economic growth.
Q: Are there update delays or limitations?
A: The labor force participation rate data is released monthly, with a lag of approximately one month from the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRIN55MAATA156N), retrieved from FRED.