Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Australia
Annual, Not Seasonally Adjusted
LRIN64TTAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.63
Year-over-Year Change
-16.70%
Date Range
1/1/1979 - 1/1/2024
Summary
This trend measures the annual not seasonally adjusted total labor input index for the U.S. economy. It provides insight into overall labor utilization and productivity patterns.
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 annual not seasonally adjusted total labor input index tracks changes in the total number of hours worked by all employed persons in the U.S. It is a key indicator of labor market activity and a driver of economic growth.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
Historical Context
This metric is used by economists and policymakers to assess the health of the labor market and overall economic conditions.
Key Facts
- The index has a base year of 2012 = 100.
- The index reached a high of 105.4 in 2019 before declining during the COVID-19 pandemic.
- Annual labor input is a key driver of GDP growth in the U.S.
FAQs
Q: What does this economic trend measure?
A: The annual not seasonally adjusted total labor input index tracks changes in the total number of hours worked by all employed persons in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into overall labor utilization and productivity patterns, which are key drivers of economic growth and important for assessing the health of the labor market.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the state of the labor market and overall economic conditions, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRIN64TTAUA156N), retrieved from FRED.