Civilian Labor Force for Indiana
CIVLFIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,402,100.00
Year-over-Year Change
2.15%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Indiana measures the total number of working-age individuals in the state who are employed or actively seeking work. This metric is a key indicator of economic activity and labor market health.
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 represents the sum of employed and unemployed individuals in the labor market. It is an important statistic for understanding the size and composition of Indiana's workforce and evaluating economic trends.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this metric to assess the strength of Indiana's labor market and make informed decisions about economic and workforce development initiatives.
Key Facts
- Indiana's civilian labor force was 3.3 million as of the most recent data.
- The labor force participation rate in Indiana is 63.4%, slightly above the national average.
- Indiana's unemployment rate is currently 3.5%, lower than the U.S. average.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force for Indiana measures the total number of working-age individuals in the state who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and labor market health in Indiana, providing insights into the size and composition of the state's workforce.
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 use this metric to assess the strength of Indiana's labor market and make informed decisions about economic and workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a short delay from the reference period.
Related Trends
Coefficient for Electric Power Carbon Dioxide Emissions, Natural Gas (Pipeline) for Indiana
EMISSCO2CNGEIBINA
All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Indiana
SMU18000006054000001
Coefficient for Transportation Carbon Dioxide Emissions, Lubricants for Indiana
EMISSCO2CLUACBINA
Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Indiana
INMISCMANRGSP
All Employees: Information in Indiana
SMU18000005000000001A
All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Indiana
SMU18000007071000001
Citation
U.S. Federal Reserve, Civilian Labor Force for Indiana (CIVLFIN), retrieved from FRED.