Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Norway
Annual, Not Seasonally Adjusted
LFAC74TTNOA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,009,250.00
Year-over-Year Change
11.57%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate in the United States. It provides valuable insights into the dynamics 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 labor force participation rate represents the proportion of the working-age population that is employed or actively seeking employment. This metric is closely monitored by economists and policymakers to assess the health and utilization of the U.S. labor force.
Methodology
The data for this trend is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
The labor force participation rate is a key indicator used to evaluate the strength of the U.S. economy and inform policy decisions.
Key Facts
- The U.S. annual, not seasonally adjusted labor force participation rate was 63.1% in 2021.
- The rate has declined from a high of 67.1% in 2000.
- Participation rates vary by age, gender, and other demographic factors.
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, which represents the proportion of the working-age population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the strength and utilization of the U.S. labor market, which is closely monitored by economists and policymakers to assess the overall health of the economy.
Q: How is this data collected or calculated?
A: The data for this trend is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used by policymakers, economists, and market analysts to evaluate the state of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted labor force participation rate data is typically published with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC74TTNOA647N), retrieved from FRED.