Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Austria
Quarterly, Not Seasonally Adjusted
LRUN64TTATQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.10
Year-over-Year Change
15.09%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Quarterly, Not Seasonally Adjusted' series measures the civilian labor force participation rate in the United States. This key economic indicator provides insights into labor market dynamics and 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
The civilian 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 tracked metric for evaluating the strength and utilization of the U.S. labor force.
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 analysts closely monitor this series to assess the health of the labor market and inform economic and workforce development strategies.
Key Facts
- The labor force participation rate peaked at 67.3% in early 2000.
- Participation has declined since the Great Recession, reflecting demographic and structural changes.
- Maintaining a high labor force participation rate is a key economic policy objective.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted series measures the civilian labor force participation rate, which represents the proportion 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 crucial indicator of labor market strength and the potential for economic growth. It provides insights into workforce utilization and helps inform policymaking and economic strategies.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the labor force participation rate to assess the health of the labor market and inform policies aimed at promoting employment and economic growth.
Q: Are there update delays or limitations?
A: The Quarterly, Not Seasonally Adjusted series is updated on a regular basis by the Federal Reserve, with data typically available a few months after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRUN64TTATQ156N), retrieved from FRED.