Civilian Labor Force in West Virginia
Annual, Not Seasonally Adjusted
LAUST540000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
786,866.00
Year-over-Year Change
-2.75%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the total number of employed persons in the United States. This key labor market indicator is closely watched by economists and policymakers to gauge the overall health of the economy.
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 data series from the U.S. Bureau of Labor Statistics tracks the total civilian employment level in the United States on an annual, unadjusted basis. It provides a broad snapshot of the labor force and is a fundamental metric for assessing economic growth and the strength of the job market.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this employment trend to inform decisions around fiscal, monetary, and labor market policies.
Key Facts
- The U.S. employment level reached a record high of 158.8 million in 2019.
- Employment fell sharply in 2020 due to the COVID-19 pandemic.
- The labor force participation rate was 61.7% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons in the United States on an annual, unadjusted basis. It provides a broad snapshot of the civilian labor force.
Q: Why is this trend relevant for users or analysts?
A: The employment level is a fundamental indicator of economic health and growth. It is closely watched by policymakers, economists, and market analysts to assess the strength of the job market and the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this employment trend to inform decisions around fiscal, monetary, and labor market policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The employment data is published with a brief lag, typically several weeks after the end of the reference period. There may also be revisions to previous estimates as more complete information becomes available.
Related Trends
90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for West Virginia
PPCIUBU18WV54000A156NCEN
Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in West Virginia
WVOTRANEQMANNGSP
Gross Domestic Product: Real Estate (531) in West Virginia
WVREALNGSP
Gross Domestic Product: Computer Systems Design and Related Services (5415) in West Virginia
WVCPUSYSDSGNNGSP
Housing Inventory: New Listing Count Month-Over-Month in West Virginia
NEWLISCOUMMWV
Coefficient for Industrial Carbon Dioxide Emissions, Kerosene for West Virginia
EMISSCO2CKSICBWVA
Citation
U.S. Bureau of Labor Statistics, Annual, Not Seasonally Adjusted (LAUST540000000000006A), retrieved from FRED.