Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Slovak Republic
Quarterly, Not Seasonally Adjusted
LRUN64TTSKQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.40
Year-over-Year Change
-15.63%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Quarterly, Not Seasonally Adjusted' trend measures the civilian labor force participation rate in the United States. 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 civilian labor force participation rate represents the proportion of the civilian non-institutional population that is either employed or actively seeking employment. This metric is closely watched by policymakers and economists to assess the strength and resiliency of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is a vital input for evaluating the overall health of the economy and informing policy decisions.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are lower for women compared to men.
- The rate declined significantly during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Not Seasonally Adjusted' trend measures the civilian labor force participation rate, which represents the proportion of the working-age population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the strength and dynamics of the U.S. labor market, providing insights into workforce engagement and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household 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: The labor force participation rate is closely monitored by policymakers and economists to assess the state of the labor market and inform decisions on economic and employment-related policies.
Q: Are there update delays or limitations?
A: The 'Quarterly, Not Seasonally Adjusted' data is published on a quarterly basis with a typical delay of several weeks following the end of each quarter.
Related Trends
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Constant GDP per capita for the Slovak Republic
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRUN64TTSKQ156N), retrieved from FRED.