Quarterly, Not Seasonally Adjusted
LFAC55MAG7Q647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,575,000.00
Year-over-Year Change
5.44%
Date Range
4/1/2003 - 4/1/2017
Summary
This quarterly, not seasonally adjusted economic trend measures the labor force participation rate for the United States. It is a key indicator of the health and dynamics of 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 16 and older that is either employed or actively seeking work. It is a widely followed metric that provides insights into workforce engagement and the overall size of the labor pool.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Policymakers and economists closely monitor the labor force participation rate to assess the strength of the labor market and guide economic policies.
Key Facts
- The labor force participation rate averaged 62.2% in 2022.
- Participation rates are lower for certain demographic groups, such as older workers and women.
- Long-term declines in the participation rate are partly due to population aging and other structural changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian noninstitutional population aged 16 and older that is either employed or actively seeking work, providing insights into the size and engagement of the U.S. labor force.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and dynamics of the U.S. labor market, and is closely monitored by policymakers and economists to assess workforce engagement and guide economic policies.
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.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the labor force participation rate to evaluate the strength of the labor market and inform decisions on economic policies and interventions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly by the U.S. Bureau of Labor Statistics, with some delay in availability.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for G7
G7LFWATTTTSTSAQ
Composite Leading Indicators: Reference Series (GDP) Trend for G7
G7LORSGPTDSTSAM
Infra-Annual Labor Statistics: Working-Age Population Female: 15 Years or over for G7
G7LFWATTFESTQ
Balance of Payments: Direct Investment: Net (Assets Minus Liabilities) for G7
G7B6FADI01CXCUQ
Infra-Annual Labor Statistics: Working-Age Population Female: From 55 to 64 Years for G7
G7LFWA55FESTSAQ
Balance of Payments: Secondary Income: Balance (Revenue Minus Expenditure) for G7
G7B6BLSI01CXCUQ
Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFAC55MAG7Q647N), retrieved from FRED.