Labor Force Participation Rate for Delaware
LBSNSA10 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.30
Year-over-Year Change
-1.33%
Date Range
1/1/1976 - 6/1/2025
Summary
The Labor Force Participation Rate for Delaware measures the percentage of the state's working-age population that is employed or actively seeking work. It is a key indicator of the health and activity of Delaware'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
The Labor Force Participation Rate represents the total civilian labor force (employed and unemployed) as a percentage of the state's working-age population. It provides insight into the overall availability and engagement of Delaware's workforce.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by policymakers and economists to assess labor market trends and support economic policy decisions.
Key Facts
- Delaware's labor force participation rate was 61.4% as of the latest data.
- The state's participation rate has fluctuated between 60-64% over the past decade.
- Tracking labor force participation helps analyze workforce trends and potential growth.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate for Delaware measures the percentage of the state's working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and engagement of Delaware's labor market, which is crucial for policymakers and economists to assess economic conditions and support policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by policymakers and economists to analyze workforce trends and support policy decisions that impact the state's economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates from the U.S. Bureau of Labor Statistics, and may have some inherent survey-based limitations.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate for Delaware (LBSNSA10), retrieved from FRED.