Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Luxembourg
Quarterly, Not Seasonally Adjusted
LRUN24TTLUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.10
Year-over-Year Change
-21.23%
Date Range
4/1/1999 - 1/1/2025
Summary
The 'Quarterly, Not Seasonally Adjusted' trend measures the U.S. labor force participation rate on a quarterly basis without seasonal adjustments. This key economic indicator provides insight into labor market dynamics and workforce participation.
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 that is either employed or actively seeking employment. This unadjusted quarterly data allows analysis of underlying labor market trends without the influence of seasonal factors.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor labor force participation to assess the health and utilization of the U.S. workforce.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are lower for older workers and women.
- The rate declined sharply during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Not Seasonally Adjusted' trend measures the percentage of the civilian noninstitutional population that is either employed or actively seeking work, on a quarterly basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This unadjusted labor force participation data provides valuable insights into underlying workforce trends, which is crucial for policymakers, economists, and labor market analysts to assess the health and utilization of the U.S. labor force.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population 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: Policymakers and economists closely monitor labor force participation rates to evaluate the strength of the labor market and make informed decisions about economic and workforce policies.
Q: Are there update delays or limitations?
A: The quarterly labor force participation data is subject to revisions and may have update delays of several weeks following the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRUN24TTLUQ156N), retrieved from FRED.