Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Sweden
Annual, Not Seasonally Adjusted
LRUN55MASEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.23
Year-over-Year Change
7.15%
Date Range
1/1/2001 - 1/1/2024
Summary
This series measures the labor force participation rate in the U.S. on an annual, not seasonally adjusted basis. The labor force participation rate is a key economic indicator that provides insights into the overall health and engagement of the workforce.
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 over that is either employed or actively seeking employment. This metric is widely used by economists and policymakers to assess the utilization of human capital and gauge the strength of the labor market.
Methodology
The data is collected through the Current Population Survey (CPS), 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 a crucial input for policymakers when evaluating the state of the economy and considering potential interventions or policy changes.
Key Facts
- The U.S. labor force participation rate reached a peak of 67.3% in 2000.
- The rate declined during the Great Recession, reaching a low of 62.4% in 2015.
- The rate has since stabilized around 63% in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate in the United States on an annual, not seasonally adjusted basis. The labor force participation rate represents the proportion of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key economic indicator that provides insights into the overall health and engagement of the workforce. It is widely used by economists and policymakers to assess the utilization of human capital and gauge the strength of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), 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 a crucial input for policymakers when evaluating the state of the economy and considering potential interventions or policy changes.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted labor force participation rate data is published with a relatively short delay, typically within a few months of the end of the reference year.
Related Trends
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Harmonized Index of Consumer Prices: Restaurants and Hotels for Sweden
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Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Sweden
LFHU24TTSEM647S
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN55MASEA156N), retrieved from FRED.