Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Ireland
Annual, Seasonally Adjusted
LFAC25TTIEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,957,775.00
Year-over-Year Change
20.11%
Date Range
1/1/2000 - 1/1/2024
Summary
This trend measures the annual, seasonally adjusted civilian labor force participation rate, which reflects the share of the working-age population either employed or actively seeking work.
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 civilian labor force participation rate is a key economic indicator used to assess the size and availability of the U.S. labor supply. It provides insights into workforce trends and labor market dynamics.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor this metric to evaluate the health and underlying conditions of the U.S. labor market.
Key Facts
- The U.S. civilian labor force participation rate was 62.2% in 2022.
- The rate has declined from a peak of 67.3% in 2000.
- Participation varies by demographics such as age, gender, and education level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the working-age U.S. population that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The civilian labor force participation rate provides crucial insights into the size and availability of the U.S. labor supply, which is a key factor in economic growth and policymaking.
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: Policymakers and analysts closely monitor this metric to evaluate the health and underlying conditions of the U.S. labor market, which informs decisions on fiscal, monetary, and employment policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC25TTIEA647S), retrieved from FRED.