Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for United States
Annual
LRUNTTTTUSA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.02
Year-over-Year Change
-50.21%
Date Range
1/1/1955 - 1/1/2024
Summary
The Annual trend measures the U.S. civilian labor force participation rate, which is the percentage of the civilian noninstitutional population that is employed or actively seeking work.
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 labor force participation rate is a key metric for understanding labor market dynamics and assessing the strength of the U.S. economy. It provides insight into the size of the available workforce and helps policymakers and analysts evaluate employment trends.
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 participation rate is closely monitored by the Federal Reserve and other policymakers for its implications on inflation, economic growth, and monetary policy decisions.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates are lower for older workers and those with disabilities.
- Declining participation can signal labor market slack or discouraged workers.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the percentage of the U.S. civilian population 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 strength and size of the available workforce, which has important implications for economic growth, inflation, and policymaking.
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 policymakers to assess the overall health of the labor market and make informed decisions about monetary policy and economic interventions.
Q: Are there update delays or limitations?
A: The Annual labor force participation rate data is published with a one-month lag by the Federal Reserve.
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Citation
U.S. Federal Reserve, Annual (LRUNTTTTUSA156S), retrieved from FRED.