Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Turkiye
Annual, Seasonally Adjusted
LRUNTTTTTRA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.72
Year-over-Year Change
6.83%
Date Range
1/1/2006 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total labor force participation rate in the United States. It is a key economic indicator used by policymakers to assess the overall health and utilization 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
The Annual, Seasonally Adjusted labor force participation rate tracks the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. It provides insight into labor market dynamics and is closely monitored by the Federal Reserve and other economic analysts.
Methodology
This data is collected through the Current Population 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 crucial input for economic policy decisions that impact employment, wages, and overall economic growth.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates have declined from historical highs in the late 1990s.
- Aging population is a key driver of lower participation in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted labor force participation rate tracks the percentage of the civilian population aged 16 and over that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the overall health and utilization of the nation's workforce, providing valuable insights for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population 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 a key input for economic policy decisions that impact employment, wages, and overall economic growth.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted labor force participation rate data is published monthly with a typical release lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUNTTTTTRA156S), retrieved from FRED.