Civilian Labor Force in Washington
Annual, Not Seasonally Adjusted
LAUST530000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,060,112.00
Year-over-Year Change
16.63%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total civilian labor force participation rate in the United States. This key indicator provides insights into the overall size and engagement 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
This trend represents the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. It is a fundamental metric used by economists and policymakers to assess the health and dynamics of the U.S. labor force.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is closely monitored for its implications on employment, economic growth, and policy decisions.
Key Facts
- The labor force participation rate reached a high of 67.3% in 2000.
- Participation has declined from a peak of 67.1% in 2008 to 63.2% in 2021.
- Demographic shifts and economic conditions influence labor force participation.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of the civilian noninstitutional population aged 16 and over 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 key indicator of the overall health and dynamics of the U.S. labor market, with implications for employment, economic growth, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by economists and policymakers to assess the state of the labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted labor force participation rate data is published with a delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST530000000000006A), retrieved from FRED.