Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Norway
Annual, Not Seasonally Adjusted
LRUN25TTNOA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.03
Year-over-Year Change
17.48%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the U.S. labor force participation rate, which is a key economic indicator used by policymakers and analysts to assess 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
This series represents the percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work. It is a crucial metric for understanding the labor market and the overall health of the economy.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This labor force participation rate is closely monitored by the Federal Reserve and other agencies to inform economic policy decisions.
Key Facts
- The U.S. labor force participation rate reached a high of 67.3% in 2000.
- Participation rates tend to decline during economic recessions.
- Women's participation in the labor force has increased significantly since the 1950s.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the percentage of the civilian non-institutional 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 crucial indicator of the overall health and strength of the economy, as it reflects the size of the available workforce.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by the Federal Reserve and other agencies to inform economic policy decisions, as it provides insights into workforce trends and the overall state of the labor market.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with a typical delay of a few weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN25TTNOA156N), retrieved from FRED.