Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Switzerland
Quarterly, Seasonally Adjusted
LRUN24TTCHQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.38
Year-over-Year Change
20.01%
Date Range
4/1/1998 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the civilian labor force participation rate in the United States. This key economic indicator provides insights into labor market dynamics and workforce engagement.
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 civilian labor force participation rate represents the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. It is a vital statistic for economists and policymakers in evaluating the health and utilization of the U.S. labor force.
Methodology
This data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. labor force participation rate reached a peak of 67.3% in early 2000.
- Participation has declined from its high, reflecting an aging population and other structural changes.
- The participation rate is a critical input for measuring unemployment and estimating potential GDP.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the percentage of the civilian noninstitutional population aged 16 and over that is 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 health and utilization of the U.S. labor force, providing insights into workforce engagement that are vital for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey, a monthly household survey 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 labor force participation rate is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions that aim to promote full employment and economic stability.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted series is published with a short delay, typically 1-2 months after the end of the reference quarter, and may be subject to periodic revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRUN24TTCHQ156S), retrieved from FRED.