Infra-Annual Labor Statistics: Labor Force Total: From 15 to 24 Years for United States
Quarterly, Not Seasonally Adjusted
LFAC24TTUSQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,344,330.00
Year-over-Year Change
5.06%
Date Range
1/1/1955 - 4/1/2025
Summary
This economic trend measures the total number of employees on nonfarm payrolls in the U.S. on a quarterly, not seasonally adjusted basis. It provides a high-level indicator of economic activity and employment conditions.
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 Quarterly, Not Seasonally Adjusted employment series tracks the total number of people employed in the U.S. private and public sectors, excluding the farming industry. This broad measure is used by economists and policymakers to assess the overall health and direction of the labor market.
Methodology
The data is collected through a monthly survey of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. had over 152 million nonfarm payroll jobs as of Q4 2022.
- Quarterly employment data is not adjusted for seasonal hiring patterns.
- The labor force participation rate was 62.3% as of Q4 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people employed in the U.S. private and public sectors, excluding the farming industry, on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This broad measure of employment is closely watched by economists and policymakers to assess the overall health and direction of the labor market, which is a key indicator of economic activity.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses and government agencies by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Quarterly, Not Seasonally Adjusted employment trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The employment data is published on a quarterly basis, with a slight delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFAC24TTUSQ647N), retrieved from FRED.