Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for Canada
Annual, Seasonally Adjusted
LFAC24TTCAA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,085,550.00
Year-over-Year Change
6.19%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total labor force participation rate for the U.S. population aged 24-65. This key economic indicator provides insight into the size and utilization of the working-age population.
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 percentage of the civilian non-institutional population aged 24-65 that is either employed or actively seeking work. This statistic is closely monitored by policymakers and analysts to assess the health and potential growth of the U.S. economy.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for seasonal variations.
Historical Context
The labor force participation rate is a leading indicator used to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates tend to decline during economic recessions.
- Women's participation has increased significantly since the 1950s.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the U.S. civilian population aged 24-65 that is 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 health and potential growth of the U.S. economy, providing insights into workforce utilization and the size of the working-age population.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a leading indicator used by policymakers and economists to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to periodic revisions by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC24TTCAA647S), retrieved from FRED.