Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Spain
Annual, Seasonally Adjusted
LRUN64TTESA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.45
Year-over-Year Change
-54.02%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the U.S. labor force participation rate on a yearly basis, adjusting for seasonal variations. This key economic indicator provides insights into labor market dynamics and workforce participation.
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 aged 16 and over that is either employed or actively seeking work. Analyzing this metric helps economists and policymakers understand the size and composition of the available workforce.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This trend is widely used to evaluate the health and engagement of the U.S. labor market.
Key Facts
- The annual, seasonally adjusted labor force participation rate in the U.S. was 62.2% as of 2022.
- Labor force participation peaked at 67.3% in 2000 before declining over the following decades.
- Participation rates tend to be lower for older workers and higher for prime-working age adults.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into the health and engagement of the U.S. labor market, which is crucial for understanding economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household 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 economists, policymakers, and market analysts to evaluate the strength of the U.S. workforce and inform decisions around employment, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted labor force participation rate data is released monthly by the U.S. Federal Reserve, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN64TTESA156S), retrieved from FRED.