Civilian Labor Force for Delaware
CIVLFDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
501,000.00
Year-over-Year Change
3.17%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Delaware measures the total number of people in Delaware who are employed or actively seeking employment. This metric is a key indicator of the strength and size of the state'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 Civilian Labor Force for Delaware represents the total number of people in the state who are either employed or unemployed but actively seeking work. It is a widely used measure of the overall size and activity level of Delaware's working population.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this trend to assess the health of Delaware's labor market and broader economic conditions.
Key Facts
- Delaware's civilian labor force totaled 490,000 in 2022.
- The labor force participation rate in Delaware was 61.8% in 2022.
- Delaware's unemployment rate was 4.9% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force for Delaware measures the total number of people in the state who are either employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the strength and size of Delaware's workforce, providing insights into the state's labor market and broader economic conditions.
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 monitor the Civilian Labor Force for Delaware to assess the health of the state's labor market and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a short lag time between the reference period and the publication of the estimate.
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Citation
U.S. Federal Reserve, Civilian Labor Force for Delaware (CIVLFDE), retrieved from FRED.