Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 24 Years for Portugal
Annual, Seasonally Adjusted
LRUN24MAPTA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.98
Year-over-Year Change
-43.67%
Date Range
1/1/1998 - 1/1/2024
Summary
The Annual, Seasonally Adjusted employment-population ratio measures the proportion of the total civilian noninstitutional population aged 16 and over that is employed. This key economic indicator provides insights into labor market dynamics and is closely monitored by policymakers.
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 employment-population ratio reflects the strength of the labor market by capturing the share of the working-age population that is employed. It is a more comprehensive measure of labor utilization than the unemployment rate, as it accounts for both employed and unemployed individuals.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The employment-population ratio is a widely followed indicator used by the Federal Reserve, economists, and market analysts to assess the overall health of the U.S. economy.
Key Facts
- The employment-population ratio reached a record high of 64.7% in April 2000.
- The ratio declined sharply during the Great Recession, falling to 58.5% in December 2009.
- As of the latest data, the employment-population ratio stands at 60.2%.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted employment-population ratio measures the proportion of the civilian noninstitutional population aged 16 and over that is employed.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator provides insights into the overall strength of the economy and the utilization of the working-age population, making it a closely watched metric by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment-population ratio is a widely used indicator that helps the Federal Reserve and other policymakers assess the health of the labor market and the overall economy, informing their decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The employment-population ratio data is released monthly with a relatively short lag, providing timely insights into labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN24MAPTA156S), retrieved from FRED.