Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Israel
Annual, Seasonally Adjusted
LRUN55TTILA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.08
Year-over-Year Change
-56.70%
Date Range
1/1/1995 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' series measures the U.S. labor force participation rate, a key economic indicator that informs workforce and policy decisions.
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 older that is either employed or actively seeking work. This metric provides insight into labor market dynamics and workforce engagement.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is closely monitored by policymakers, analysts, and businesses to assess the health and trends of the U.S. labor market.
Key Facts
- The U.S. labor force participation rate was 62.2% in June 2022.
- Labor force participation has declined from a peak of 67.3% in 2000.
- Participation rates vary significantly by age, gender, and other demographic factors.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' series measures the percentage of the civilian noninstitutional population aged 16 and older 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 key indicator of workforce engagement and labor market health, providing valuable insights for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through the monthly 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 closely monitored by policymakers and central banks to assess the overall state of the labor market and inform economic and workforce policies.
Q: Are there update delays or limitations?
A: The labor force participation data is updated monthly by the U.S. Federal Reserve and is subject to typical survey and statistical limitations.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN55TTILA156S), retrieved from FRED.