Employed Persons in Mississippi
Annual, Not Seasonally Adjusted
LAUST280000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,231,220.00
Year-over-Year Change
1.43%
Date Range
1/1/1976 - 1/1/2024
Summary
This annual, not seasonally adjusted data series measures the total civilian labor force participation rate in the United States. It is a key indicator of the overall health and utilization of the U.S. labor market.
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 participation rate represents the proportion of the civilian non-institutional population that is either employed or actively seeking work. It is a fundamental metric used by economists and policymakers to assess labor market dynamics and the broader economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
The labor force participation rate informs policy decisions related to employment, wages, and economic growth.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are lower for certain demographic groups, including older adults and individuals with disabilities.
- Changes in the participation rate can signal shifts in economic conditions and worker preferences.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total civilian labor force participation rate in the United States, which represents the proportion of the working-age population that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the overall health and utilization of the U.S. labor market, providing insight into economic conditions and workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate informs policy decisions related to employment, wages, and economic growth, as it reflects the overall size and composition of the active workforce.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted labor force participation rate data is typically published with a 1-2 month delay following the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST280000000000005A), retrieved from FRED.