Civilian Labor Force for Nebraska
CIVLFNE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,057,700.00
Year-over-Year Change
1.96%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Nebraska measures the total number of employed and unemployed individuals in the state's workforce. This economic indicator is important for policymakers and analysts to understand labor market dynamics and inform economic decision-making.
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 Nebraska represents the total number of people aged 16 and older who are either employed or actively seeking work in the state. It is a key measure of the size and composition of the state's workforce and labor market participation.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This metric is used to gauge the overall health of Nebraska's economy and labor market conditions.
Key Facts
- Nebraska's civilian labor force was over 1 million as of the latest data.
- The state's labor force participation rate is typically higher than the national average.
- Tracking changes in the civilian labor force is important for understanding employment trends.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force for Nebraska measures the total number of people aged 16 and older who are employed or actively seeking work in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the overall size and composition of Nebraska's workforce, as well as labor market participation and employment trends in the state.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Civilian Labor Force for Nebraska is used by policymakers, economists, and analysts to gauge the overall health of the state's economy and labor market conditions.
Q: Are there update delays or limitations?
A: The data is updated monthly by the U.S. Federal Reserve and may be subject to revisions or delays in reporting.
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Citation
U.S. Federal Reserve, Civilian Labor Force for Nebraska (CIVLFNE), retrieved from FRED.