Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for United States
Annual, Not Seasonally Adjusted
LFAC24TTUSA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,777,750.00
Year-over-Year Change
2.32%
Date Range
1/1/1955 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the average number of hours worked per week by full-time employees in the United States. This metric provides insights into labor market conditions and productivity.
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
This economic trend tracks the average weekly hours worked by full-time employees, which is a key indicator of labor market dynamics and worker productivity. Economists and policymakers closely monitor this data to assess the overall health of the U.S. economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
Trends in average weekly hours worked can inform economic and workforce policies.
Key Facts
- The average weekly hours peaked at 40.9 in 2020.
- Weekly hours declined during the COVID-19 pandemic.
- Data is reported monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of hours worked per week by full-time employees in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market conditions, worker productivity, and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: Trends in average weekly hours worked can inform economic and workforce policies, such as employment and productivity initiatives.
Q: Are there update delays or limitations?
A: The data is reported monthly by the U.S. Bureau of Labor Statistics, with minimal update delays.
Related Trends
Constant GDP per capita for the United States
NYGDPPCAPKDUSA
Bank Z-Score for United States
DDSI01USA645NWDB
Interest Rates, Discount Rate for United States
INTDSRUSM193N
Gross Domestic Product Deflator for United States
NGDPDSAIXUSQ
Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for United States
LFEAAGTTUSM647S
Composite Leading Indicators: Reference Series (GDP) Trend for United States
USALORSGPTDSTSAM
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC24TTUSA647N), retrieved from FRED.