Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for Slovak Republic
Annual, Seasonally Adjusted
LFAC55MASKA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
233,675.00
Year-over-Year Change
16.55%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the annual, seasonally adjusted labor force participation rate in Alaska. It provides important insights into the size and composition of the state's workforce, which is crucial for economic policymakers and analysts.
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 share of the civilian non-institutional population that is either employed or actively seeking work. This metric is a key indicator of economic health and labor market conditions at the state level.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
Policymakers use this trend to monitor and adjust workforce development programs and economic strategies.
Key Facts
- Alaska's labor force participation rate averaged 66.2% in 2022.
- The participation rate has declined from a high of 69.4% in 2012.
- Women make up 47.3% of Alaska's labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted labor force participation rate in the state of Alaska. It represents the share of the civilian population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and size of a state's workforce, which is crucial information for policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to monitor and adjust workforce development programs, labor market regulations, and broader economic strategies at the state level.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 months after the end of the reference period. There may be revisions to prior periods as new information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC55MASKA647S), retrieved from FRED.