Annual
LFAC24TTO1A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,452,000.00
Year-over-Year Change
-6.11%
Date Range
1/1/2005 - 1/1/2016
Summary
The Annual trend measures the total civilian labor force participation rate in the United States. This key economic indicator is crucial for understanding labor market dynamics and workforce 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 Annual labor force participation rate represents the percentage of the civilian non-institutional population that is employed or actively seeking employment. It is a foundational metric used by economists and policymakers to assess the strength and composition of the U.S. labor market.
Methodology
The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Analyzing labor force participation helps inform economic and fiscal policies related to employment, income, and workforce development.
Key Facts
- The U.S. labor force participation rate has declined from over 67% in 2000 to around 62% in recent years.
- Participation rates are lower for older workers and those without a college degree.
- Changes in the participation rate can indicate shifts in economic conditions and employment opportunities.
FAQs
Q: What does this economic trend measure?
A: The Annual labor force participation rate tracks the percentage of the civilian non-institutional 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 composition of the U.S. workforce, providing important insights for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analyzing labor force participation helps inform a range of economic and fiscal policies related to employment, income, and workforce development.
Q: Are there update delays or limitations?
A: The Annual labor force participation rate data is published monthly with a relatively short delay, providing timely insights into workforce trends.
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Citation
U.S. Federal Reserve, Annual (LFAC24TTO1A647S), retrieved from FRED.