Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for United States
Annual, Not Seasonally Adjusted
LFAC55TTUSA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,166,670.00
Year-over-Year Change
9.94%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the United States. It provides insights into the overall size and composition of the U.S. labor force.
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 proportion of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work. This metric is closely watched by economists and policymakers to understand labor market dynamics and assess the health of the economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a key input for policymakers when evaluating employment and making economic decisions.
Key Facts
- The U.S. labor force participation rate averaged 63.1% in 2021.
- Participation rates are lower among older workers and those with disabilities.
- The rate declined sharply during the COVID-19 pandemic but has been recovering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate in the United States. It represents the proportion of the civilian non-institutional population aged 16 and over that is either 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 labor market conditions and the overall health of the economy. It provides insights into the size and composition of the U.S. workforce, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a closely watched metric that informs economic policy decisions, particularly around employment, workforce development, and macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, and the annual, not seasonally adjusted figures are released on an annual basis.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC55TTUSA647N), retrieved from FRED.