Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Austria
Annual, Seasonally Adjusted
LFAC64TTATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,637,325.00
Year-over-Year Change
9.45%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted labor force participation rate for civilian men and women aged 16 and over in the United States. This metric is a key indicator of the size and engagement 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 percentage of the civilian noninstitutional population aged 16 and over that is working or actively seeking employment. This statistic is closely monitored by economists and policymakers to assess labor market conditions and workforce dynamics.
Methodology
This data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is used to inform economic and workforce policies at the national level.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates are typically higher for men than women.
- The rate declined after the 2008 financial crisis but has been recovering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted labor force participation rate for the civilian population aged 16 and over 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 size and engagement of the U.S. workforce, providing important insights into labor market dynamics.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used by economists and policymakers to inform workforce and economic policies at the national level.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief lag, and the participation rate can be affected by demographic and structural changes in the workforce over time.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC64TTATA647S), retrieved from FRED.