Employed Persons in Louisiana
Annual, Not Seasonally Adjusted
LAUST220000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,988,780.00
Year-over-Year Change
1.88%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the average annual labor force participation rate for the U.S. This key indicator helps economists and policymakers assess the overall health and utilization of the nation's working-age population.
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 reflects the percentage of the civilian noninstitutional population aged 16 and older who are employed or actively seeking work. It is a widely followed metric for evaluating the size and composition of the U.S. labor force over time.
Methodology
This data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is closely monitored by the Federal Reserve and other policymakers for insights into employment, economic growth, and potential inflationary pressures.
Key Facts
- The annual U.S. labor force participation rate averaged 62.1% in 2021.
- Participation rates are lower for older workers and women compared to prime-age men.
- Declining participation has been a long-term trend, reflecting demographic shifts and other structural factors.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the average annual labor force participation rate for the U.S. civilian noninstitutional population aged 16 and older.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of economic health and labor market utilization, providing insights into employment, economic growth, and potential inflationary pressures.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
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 for insights that inform decisions on monetary policy, employment programs, and other economic interventions.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is published with a delay of several months, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST220000000000005A), retrieved from FRED.