Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Austria
Annual, Not Seasonally Adjusted
LFAC55TTATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
832,400.00
Year-over-Year Change
93.47%
Date Range
1/1/1999 - 1/1/2024
Summary
This annual, not seasonally adjusted data series measures the employment level in the United States. It is a key indicator of the overall state of the labor market and economic activity.
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 employment level represents the total number of people employed in the U.S. economy. It is a widely followed statistic that provides insight into the strength and direction of the job market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor employment trends to gauge the health of the economy and guide policy decisions.
Key Facts
- The U.S. employment level reached a record high of 158.8 million in 2019.
- Employment fell sharply during the COVID-19 pandemic, declining by over 22 million jobs in 2020.
- The manufacturing sector accounts for about 12% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total number of people employed in the United States, including both full-time and part-time workers.
Q: Why is this trend relevant for users or analysts?
A: The employment level is a key indicator of the strength of the U.S. labor market and overall economic activity. It is closely watched by policymakers, businesses, and investors.
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: The employment level is a crucial input for policymakers at the Federal Reserve and other government agencies to assess the health of the economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The employment data is released monthly, with a lag of about one month. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC55TTATA647N), retrieved from FRED.