Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Austria
Quarterly, Seasonally Adjusted
LFAC74TTATQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,744,348.00
Year-over-Year Change
2.32%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the total labor force in the United States on a quarterly, seasonally adjusted basis. It is a key indicator of the overall size and 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 total labor force represents the sum of all employed and unemployed individuals in the U.S. who are actively participating in the economy. This metric is widely used by economists and policymakers to assess labor market dynamics and inform economic policy decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Quarterly labor force data is closely monitored by the Federal Reserve and other institutions to gauge the strength of the economy.
Key Facts
- The U.S. labor force totaled over 164 million people as of the latest quarter.
- The labor force participation rate was 62.2% in the most recent period.
- Quarterly labor force data is a leading indicator of economic activity and employment trends.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total number of people in the United States who are employed or actively seeking employment on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The size and composition of the labor force is a crucial indicator of the overall health and direction of the U.S. economy, making this data highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Quarterly labor force data is closely monitored by the Federal Reserve and other institutions to assess the strength of the labor market and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The labor force data is released on a quarterly basis, with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC74TTATQ647S), retrieved from FRED.