Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for United States
Monthly
LFAC24TTUSM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,787,000.00
Year-over-Year Change
0.75%
Date Range
1/1/1955 - 7/1/2025
Summary
The monthly employment rate measures the percentage of the total labor force that is employed each month in the United States. This key economic indicator provides insight into labor market conditions and overall economic activity.
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 monthly employment rate is a widely followed metric that tracks the proportion of the civilian labor force that is currently employed. It is an important statistic used by economists, policymakers, and market analysts to assess the health and direction of the U.S. economy.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The employment rate is a vital input for the Federal Reserve and other institutions when setting economic and monetary policies.
Key Facts
- The U.S. monthly employment rate averaged 94.2% from 1948 to 2022.
- The employment rate reached its highest level of 97.4% in 2000.
- The rate fell to a low of 89.5% during the Great Recession in 2009.
FAQs
Q: What does this economic trend measure?
A: The monthly employment rate measures the percentage of the civilian labor force that is currently employed in the United States.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a key indicator of labor market conditions and overall economic activity, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment rate is a vital input for the Federal Reserve and other institutions when setting economic and monetary policies, as it provides insight into the health and direction of the U.S. economy.
Q: Are there update delays or limitations?
A: The employment rate data is published monthly with a short lag, typically within a few weeks of the end of the reference period.
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Citation
U.S. Federal Reserve, Monthly Employment Rate (LFAC24TTUSM647S), retrieved from FRED.