Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Czechia
Annual, Not Seasonally Adjusted
LRUN25TTCZA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.33
Year-over-Year Change
-62.04%
Date Range
1/1/1998 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the civilian labor force participation rate in the United States. This key economic indicator provides insights into labor market dynamics and workforce 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 civilian labor force participation rate represents the share of the civilian noninstitutional population aged 16 and older that is either employed or actively seeking work. This statistic is widely used by economists and policymakers to assess the strength and composition of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a crucial input for understanding employment, economic growth, and the effectiveness of fiscal and monetary policies.
Key Facts
- The U.S. labor force participation rate was 62.1% in 2022.
- Participation rates have declined since the 2000s, partly due to population aging.
- Higher participation rates are generally associated with stronger economic performance.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the civilian labor force participation rate in the United States, which represents the share of the working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the strength and composition of the U.S. labor market, providing insights into employment, economic growth, and the effectiveness of economic policies.
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.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a key input for policymakers and economists when analyzing the state of the economy, formulating fiscal and monetary policies, and evaluating the effectiveness of economic interventions.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is published with a slight delay, typically a few months after the end of the reference year. There may also be revisions to historical data as survey methods and population estimates are updated.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN25TTCZA156N), retrieved from FRED.