Unemployment Rate in Utah
Annual, Not Seasonally Adjusted
LAUST490000000000003A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-33.33%
Date Range
1/1/1976 - 1/1/2024
Summary
This annual, not seasonally adjusted economic indicator measures the total labor force in the United States. It provides important insights into employment dynamics and workforce participation.
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 U.S. labor force is a key measure of the working-age population actively engaged in the economy, including both employed and unemployed individuals. This metric is widely used by economists and policymakers to analyze workforce trends and labor market conditions.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Tracking changes in the total labor force helps inform economic and policy decisions related to employment, workforce development, and macroeconomic conditions.
Key Facts
- The U.S. labor force totaled over 164 million people in 2022.
- Labor force participation rate was 62.4% as of December 2022.
- The labor force has grown by over 10% since 2010.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total civilian labor force in the United States, including both employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in the labor force is crucial for understanding broader employment dynamics, workforce participation, and macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze labor force data to inform decisions related to employment, workforce development, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted labor force data is published with a short delay, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST490000000000003A), retrieved from FRED.