Civilian Labor Force in Ohio
Annual, Not Seasonally Adjusted
LAUST390000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,898,612.00
Year-over-Year Change
3.16%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the total civilian labor force in the United States. This key economic indicator provides insights into the size and composition of the national workforce.
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 series represents the total number of people aged 16 and older who are either employed or actively seeking work in the U.S. It is a fundamental measure of labor market activity and economic health used by policymakers, analysts, and businesses.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey of households.
Historical Context
The civilian labor force participation rate is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. civilian labor force totaled over 165 million in 2022.
- Labor force participation rate was 62.2% as of December 2022.
- Women make up nearly 47% of the total U.S. civilian labor force.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total number of people aged 16 and older who are either employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: The civilian labor force is a fundamental measure of economic activity and workforce participation. It provides crucial insights into the overall health and size of the U.S. labor market.
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 of households.
Q: How is this trend used in economic policy?
A: The civilian labor force participation rate is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, typically 1-2 weeks after the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST390000000000006A), retrieved from FRED.