Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 64 Years for Ireland
Annual, Seasonally Adjusted
LRUN64MAIEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.45
Year-over-Year Change
-75.50%
Date Range
1/1/2000 - 1/1/2024
Summary
This trend measures the U.S. civilian labor force participation rate on an annual, seasonally adjusted basis. It is a key economic indicator used to assess labor market conditions and workforce engagement.
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 work. It is a widely followed metric for evaluating the health and availability of the U.S. labor supply.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor labor force participation to inform decisions on fiscal, monetary, and workforce development policies.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates are lower among older workers and certain demographic groups.
- Declining participation can signal economic weakness or population shifts.
FAQs
Q: What does this economic trend measure?
A: The annual, seasonally adjusted labor force participation rate measures the percentage of the civilian noninstitutional 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 key indicator of labor market conditions and the availability of workers. It provides important context for interpreting employment, unemployment, and other economic data.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor force participation to inform decisions on fiscal, monetary, and workforce development policies aimed at promoting employment and economic growth.
Q: Are there update delays or limitations?
A: The labor force participation data is published monthly with a lag. There may also be challenges in accurately capturing certain populations, such as discouraged workers, in the survey.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN64MAIEA156S), retrieved from FRED.