Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Finland
Annual, Not Seasonally Adjusted
LRUN24MAFIA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.53
Year-over-Year Change
-5.45%
Date Range
1/1/1998 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the labor force participation rate in the manufacturing industry in the United States. This metric is important for economists and policymakers to assess the health and dynamics of the manufacturing labor market.
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 working-age population that is employed or actively seeking employment. This trend provides insights into the supply of labor in the manufacturing sector, which is a key driver of economic activity and productivity.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The manufacturing labor force participation rate is used to inform economic policies and business decisions related to employment, workforce planning, and industrial production.
Key Facts
- The manufacturing labor force participation rate in the U.S. was 56.3% in 2021.
- The manufacturing sector accounts for about 11% of the total U.S. labor force.
- The participation rate in manufacturing has declined over the past decade due to automation and offshoring.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the labor force participation rate in the manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing labor force participation rate provides insights into the supply of labor in a key sector of the economy, which is important for economists and policymakers to assess economic activity and workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The manufacturing labor force participation rate is used to inform economic policies and business decisions related to employment, workforce planning, and industrial production.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may not capture recent changes in the manufacturing labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN24MAFIA156N), retrieved from FRED.