Civilian Labor Force in Northeast Census Region
LAURD910000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,578,941.00
Year-over-Year Change
3.60%
Date Range
1/1/1976 - 1/1/2024
Summary
The Civilian Labor Force in the Northeast Census Region measures the total number of people aged 16 and over who are either employed or actively seeking work in the northeastern United States. This metric is a key indicator of regional economic activity and labor market trends.
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
This labor force data provides insight into the size and composition of the working-age population in the northeastern U.S. states. It is used by economists and policymakers to analyze regional employment patterns, workforce participation, and labor market dynamics.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The civilian labor force data helps inform regional economic and workforce development policies.
Key Facts
- The Northeast region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- In 2022, the civilian labor force in the Northeast reached over 31 million people.
- The Northeast has historically had a higher labor force participation rate compared to the national average.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force in the Northeast Census Region measures the total number of people aged 16 and over who are either employed or actively seeking work in the northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This labor force data provides crucial insights into the size and composition of the working-age population in the northeastern U.S. states, helping to inform regional economic and workforce development policies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The civilian labor force data helps inform regional economic and workforce development policies by providing insights into employment patterns, workforce participation, and labor market dynamics in the Northeast.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release delay of a few weeks.
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Citation
U.S. Federal Reserve, Civilian Labor Force in Northeast Census Region (LAURD910000000000006A), retrieved from FRED.