Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Turkiye
Annual, Not Seasonally Adjusted
LRUN64TTTRA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.90
Year-over-Year Change
6.27%
Date Range
1/1/2006 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the total labor force in the United States. This key economic indicator provides insight into the size and composition of the nation's workforce.
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
This annual labor force series represents the total number of people 16 years and older who are employed or actively seeking work. It is a widely tracked metric used by economists, policymakers, and labor market analysts to understand the overall health and dynamics of the U.S. labor market.
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 trend is closely monitored for its implications on employment, economic growth, and policy decisions.
Key Facts
- The U.S. labor force totaled over 164 million people in 2022.
- The labor force participation rate was 62.2% as of 2022.
- The unemployment rate was 3.5% in the United States as of 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total number of people 16 years and older who are employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: This labor force metric is a key indicator of the overall health and dynamics of the U.S. labor market, with implications for employment, economic growth, and 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 trend is closely monitored by economists, policymakers, and labor market analysts to inform decisions and policies related to employment, workforce development, and economic growth.
Q: Are there update delays or limitations?
A: The annual labor force data is typically published with a short delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN64TTTRA156N), retrieved from FRED.