Unemployment Rate: Aged 15-24: All Persons for the Euro Area (19 Countries)
Quarterly, Seasonally Adjusted
LRUN24TTEZQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.48
Year-over-Year Change
-11.41%
Date Range
1/1/2005 - 10/1/2022
Summary
The Quarterly, Seasonally Adjusted series measures the U.S. labor force participation rate, a key economic indicator reflecting the active workforce. This metric is closely watched by policymakers and analysts to gauge labor market health and economic trends.
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 proportion of the civilian noninstitutional population aged 16 and older that is either employed or actively seeking work. It is a fundamental measure of economic activity and labor market dynamics.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Policymakers and economists use this metric to assess the strength of the labor market and make informed decisions about monetary and fiscal policies.
Key Facts
- The U.S. labor force participation rate was 62.2% as of the latest quarter.
- Participation rates have declined from a peak of 67.3% in 2000.
- Fluctuations in this metric reflect changes in workforce engagement and economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the proportion of the civilian noninstitutional population aged 16 and older 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 labor market health and economic activity, providing insights into workforce engagement and potential labor supply.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the labor force participation rate to assess the strength of the labor market and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted series is published by the U.S. Federal Reserve on a regular basis, with minimal delays in data availability.
Related Trends
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Harmonised Unemployment - Monthly Rates: Aged 15-24: All Persons for the Euro Area (19 Countries)
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Harmonized Index of Consumer Prices: Other Recreational Items and Equipment, Gardens and Pets for Euro Area (20 Countries)
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LRUN24TTEZQ156S), retrieved from FRED.