Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Australia
Growth rate previous period, Annual, Not Seasonally Adjusted
LFACTTTTAUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.91
Year-over-Year Change
78.64%
Date Range
1/1/1965 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of the labor force in the United States on an annual, not seasonally adjusted basis. It is a key indicator of labor market dynamics and broader economic conditions.
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 growth rate previous period, annual, not seasonally adjusted metric tracks the annual change in the size of the U.S. civilian labor force. This provides insight into how the available workforce is expanding or contracting over time, which has important implications for employment, productivity, and economic growth.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and analysts use this trend to assess the strength and trajectory of the labor market.
Key Facts
- The U.S. labor force grew by 0.9% in 2021.
- Labor force growth has averaged 0.6% annually over the past decade.
- Declining labor force growth can signal economic headwinds.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the size of the U.S. civilian labor force on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Labor force growth is a key indicator of labor market dynamics and broader economic conditions, providing insight into the expansion or contraction of the available workforce.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength and trajectory of the labor market, which informs decision-making on economic and employment policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a brief lag, and may be subject to minor revisions over time.
Related Trends
National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Australia
AUSGDPNQDSMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Australia
AUSCPIALLAINMEI
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Australia
LFIN24TTAUQ647S
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 24 Years for Australia
LFAC24FEAUA647N
Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 24 Years for Australia
LRAC24FEAUA156S
National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Australia
AUSGFCEQDSMEI
Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFACTTTTAUA657N), retrieved from FRED.