Civilian Labor Force in Wisconsin
Annual, Not Seasonally Adjusted
LAUST550000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,175,683.00
Year-over-Year Change
3.26%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total civilian labor force participation rate in the United States. This key economic indicator provides insights into labor market dynamics and workforce engagement.
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 civilian labor force participation rate tracks the proportion of the working-age population that is employed or actively seeking work. Economists and policymakers closely monitor this metric to gauge the strength and resilience of the U.S. labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Labor force participation is a critical input for economic analysis and policy decisions.
Key Facts
- The U.S. labor force participation rate was 62.1% in 2022.
- Participation rates tend to decline during economic downturns.
- Women's labor force participation has increased significantly since the 1950s.
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 older that is in the labor force, 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 engagement of the U.S. workforce, providing important insights for economic analysis, forecasting, and policy decisions.
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: Policymakers and analysts use the labor force participation rate to assess the strength of the labor market, understand employment dynamics, and inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The labor force participation data is published monthly with a one-month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST550000000000006A), retrieved from FRED.