Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Australia
Annual, Not Seasonally Adjusted
LFAC64TTAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,190,990.00
Year-over-Year Change
22.43%
Date Range
1/1/1979 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the percentage of civilian labor force aged 16 and over in the United States. This broad labor force participation metric is a key indicator of economic activity and workforce trends.
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
This annual, non-seasonally adjusted labor force participation rate reflects the share of the civilian population aged 16 and older who are either employed or actively seeking work. It is a widely tracked economic statistic used to assess labor market dynamics and workforce availability.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and analysts closely monitor labor force participation to gauge the health and potential of the U.S. economy.
Key Facts
- The annual labor force participation rate was 61.7% in 2022.
- Participation has declined from a peak of 67.3% in 2000.
- Aging demographics and other socioeconomic factors impact this metric.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' metric tracks the percentage of the civilian population aged 16 and over who are either employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: Labor force participation is a key indicator of economic health and workforce availability, providing insights into employment dynamics and the potential for future growth.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor labor force participation to assess the strength of the labor market and the broader economy, informing decisions on economic and workforce development policies.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted labor force participation rate is published with a delay of several months, and may be subject to revisions as additional data becomes available.
Related Trends
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Infra-Annual Labor Statistics: Unemployment Rate Female: 15 Years or over for Australia
LRUNTTFEAUA156N
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC64TTAUA647N), retrieved from FRED.