Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Germany
Annual, Not Seasonally Adjusted
LFAC64TTDEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,391,750.00
Year-over-Year Change
6.39%
Date Range
1/1/2005 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted total private employment in the United States. It is a key indicator of the overall health of the U.S. labor market.
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 annual, not seasonally adjusted total private employment statistic tracks the total number of people employed in the private sector of the U.S. economy over a 12-month period. This metric provides insight into long-term trends in hiring and job creation outside of the public sector.
Methodology
The data is collected through household and business surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers closely monitor this indicator to assess the strength of the economy and make informed decisions.
Key Facts
- The annual, not seasonally adjusted total private employment reached a record high of over 129 million in 2019.
- This metric declined sharply in 2020 due to the COVID-19 pandemic, but has since shown signs of recovery.
- The private sector accounts for approximately 85% of total U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of people employed in the private sector of the U.S. economy over a 12-month period, without adjusting for seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the overall health and long-term trends of the U.S. labor market, which is a key driver of economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the strength of the economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis, with a typical lag of one to two months from the end of the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC64TTDEA647N), retrieved from FRED.