Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Australia
Quarterly, Not Seasonally Adjusted
LRUN55TTAUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.32
Year-over-Year Change
6.13%
Date Range
4/1/1978 - 1/1/2025
Summary
The Quarterly, Not Seasonally Adjusted trend measures the total labor force participation rate in the United States. This key economic indicator provides insights into the overall strength and composition of the U.S. labor market.
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, non-institutional population that is either employed or actively seeking work. Economists and policymakers closely monitor this metric to assess the health and dynamics of the labor force.
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 critical input for economic analysis and policy decisions.
Key Facts
- The U.S. labor force participation rate reached a peak of 67.3% in 2000.
- The rate has declined since the 2008 financial crisis, reaching 61.7% in 2022.
- Participation rates vary significantly by age, gender, and other demographic factors.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted trend measures the total labor force participation rate in the United States, which represents the proportion of the civilian, non-institutional population 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 critical economic indicator that provides insights into the overall strength and dynamics of the U.S. labor market. It is closely monitored by economists and policymakers to assess employment trends and inform economic analysis and policy decisions.
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 economic analysis and policy decisions, as it helps to inform assessments of the overall health and composition of the labor market.
Q: Are there update delays or limitations?
A: The Quarterly, Not Seasonally Adjusted labor force participation rate data is published with a brief delay, typically several weeks after the end of each quarter.
Related Trends
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Australia
LMJVTTUVAUA647S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Australia
AUSCP120000GYQ
Residential Property Prices for Australia
QAUN368BIS
Compensation of Employees in Australia
AUSCOMPQDSNAQ
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Australia
LREM24TTAUM156N
Bank Non-Performing Loans to Gross Loans for Australia
DDSI02AUA156NWDB
Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRUN55TTAUQ156N), retrieved from FRED.