Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Australia
Monthly, Not Seasonally Adjusted
LFAC24TTAUM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,476,830.00
Year-over-Year Change
2.73%
Date Range
2/1/1978 - 6/1/2025
Summary
This economic indicator measures the monthly, not seasonally adjusted civilian labor force participation rate for adults aged 24-55 in the United States. It provides insights into workforce participation and labor market trends.
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 represents the share of the working-age population that is employed or actively seeking employment. This key labor market indicator is closely watched by economists and policymakers to assess the health and dynamics of the U.S. economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This non-seasonally adjusted trend is used to analyze labor force participation patterns and inform economic and workforce development policies.
Key Facts
- The average labor force participation rate for adults aged 24-55 is around 82%.
- Participation rates tend to be higher for men than women in this age group.
- Participation rates declined during the Great Recession but have been gradually recovering.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the monthly, not seasonally adjusted civilian labor force participation rate for adults aged 24-55 in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of workforce engagement and an important metric for understanding the health of the labor market and broader economy.
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: This non-seasonally adjusted trend is used by economists and policymakers to analyze labor force participation patterns and inform economic and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LFAC24TTAUM647N), retrieved from FRED.