Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Austria
Annual, Seasonally Adjusted
LRUN74TTATA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.18
Year-over-Year Change
-0.68%
Date Range
1/1/1969 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total civilian labor force in the United States. This key economic indicator provides insights into the overall size and dynamics of the American 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 labor force series represents the total number of people employed or actively seeking employment, adjusting for regular seasonal variations. It is a widely-used metric for evaluating the health and growth of the U.S. economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor labor force trends to inform employment, fiscal, and monetary policies.
Key Facts
- The U.S. labor force totaled over 164 million people as of 2022.
- The labor force participation rate was 62.4% as of December 2022.
- The civilian labor force has grown by over 10% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the total number of people in the U.S. civilian labor force, including those employed and actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides critical insights into the size and dynamics of the American workforce, which is a key determinant of economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor force trends to inform employment, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The labor force data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN74TTATA156S), retrieved from FRED.