Labor Force Participation Rate for Wisconsin
LBSSA55 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.00
Year-over-Year Change
-1.37%
Date Range
1/1/1976 - 7/1/2025
Summary
The Labor Force Participation Rate for Wisconsin measures the percentage of the working-age population that is employed or actively seeking work. It is a key indicator of the strength and utilization of the state'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 share of the civilian, non-institutional population age 16 and over that is working or actively looking for work. It is a valuable metric for understanding Wisconsin's economic activity and labor market dynamics.
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 economists use this metric to assess the health and capacity of Wisconsin's labor force.
Key Facts
- Wisconsin's labor force participation rate was 66.8% as of the latest data.
- The rate has declined from a peak of 69.2% in the early 2000s.
- Participation varies by demographic factors like age and gender.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate for Wisconsin measures the percentage of the working-age population that is 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 strength and utilization of Wisconsin's labor market, providing insights into economic activity and labor force dynamics.
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: Policymakers and economists use this metric to assess the health and capacity of Wisconsin's labor force, which informs decisions and policies related to employment, workforce development, and economic growth.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a short lag, providing timely insights into Wisconsin's labor market trends.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate for Wisconsin (LBSSA55), retrieved from FRED.