Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Portugal
Annual, Seasonally Adjusted
LRUNTTTTPTA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.43
Year-over-Year Change
-58.63%
Date Range
1/1/1998 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total civilian labor force participation rate in the United States. This key economic indicator provides insights into labor market dynamics and labor force engagement.
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 total civilian labor force participation rate represents the percentage of the civilian noninstitutional population aged 16 and over that is working or actively seeking employment. This metric is widely used by economists and policymakers to assess the health and utilization of the U.S. labor market.
Methodology
The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a important consideration for the Federal Reserve and other institutions when evaluating economic conditions and guiding policy decisions.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are lower for older workers and women compared to other demographic groups.
- Labor force participation has declined since peaking above 67% in the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the civilian population aged 16 and over that is working or actively seeking employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and utilization of the U.S. labor market, providing insights into economic and workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population 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 the Federal Reserve and other institutions when evaluating economic conditions and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Portugal
PRTCP050000IXOBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Portugal
PRTCP040000GYM
Harmonized Index of Consumer Prices: Gas for Portugal
CP0452PTM086NEST
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Portugal
LRHU24MAPTA156N
Infra-Annual Labor Statistics: Labor Force Male: 15 Years or over for Portugal
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Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Portugal
PITGCG02PTA661N
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUNTTTTPTA156S), retrieved from FRED.