Unemployed Persons in South Carolina
Annual, Not Seasonally Adjusted
LAUST450000000000004A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105,178.00
Year-over-Year Change
-46.38%
Date Range
1/1/1976 - 1/1/2024
Summary
This annual, not seasonally adjusted data series measures the total civilian labor force in the U.S. It is a key indicator of 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
The total civilian labor force consists of all employed and unemployed persons 16 years and older in the United States. This metric is widely used by economists and policymakers to assess labor market trends and evaluate the health of the overall economy.
Methodology
The U.S. Bureau of Labor Statistics collects this data through the monthly Current Population Survey of households.
Historical Context
Labor force statistics inform critical economic decisions and policies related to employment, wages, and workforce development.
Key Facts
- The U.S. civilian labor force totaled over 160 million people in 2022.
- The labor force participation rate was 62.2% as of December 2022.
- Employment in the U.S. has recovered to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total civilian labor force in the United States, including both employed and unemployed persons aged 16 and older.
Q: Why is this trend relevant for users or analysts?
A: The size and composition of the labor force is a critical indicator of economic health and workforce dynamics, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through the monthly Current Population Survey of households.
Q: How is this trend used in economic policy?
A: Labor force statistics are used by policymakers, economists, and institutions to assess employment trends, guide workforce development initiatives, and inform macroeconomic policies.
Q: Are there update delays or limitations?
A: This annual, not seasonally adjusted data series is published with a short lag, typically within a few months of the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST450000000000004A), retrieved from FRED.