Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Norway
Annual, Not Seasonally Adjusted
LFAC25TTNOA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,936,450.00
Year-over-Year Change
7.93%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for civilian workers aged 25-54 in the United States. It is a key indicator of the overall strength and participation in the U.S. labor market.
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 labor force participation rate represents the percentage of the civilian noninstitutional population aged 25-54 that is either employed or actively seeking work. This metric is closely watched by economists and policymakers to gauge the health and utilization of the prime-age workforce.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey of households.
Historical Context
The labor force participation rate is a crucial input for economic analysis and policy decisions related to employment, wages, and macroeconomic performance.
Key Facts
- The current annual, not seasonally adjusted labor force participation rate is around 82%.
- Prime-age participation rates are lower than pre-pandemic levels but have been gradually recovering.
- Declining participation is a long-term trend driven by demographic shifts and other economic factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate for civilian workers aged 25-54 in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the overall strength and utilization of the prime-age workforce, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey of households.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a crucial input for economic analysis and policy decisions related to employment, wages, and macroeconomic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC25TTNOA647N), retrieved from FRED.