Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Canada
Growth rate previous period, Annual, Not Seasonally Adjusted
LFACTTTTCAA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.57
Year-over-Year Change
164.62%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic trend measures the annual growth rate of the civilian labor force in the United States, which is a key indicator of workforce and economic expansion.
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 growth rate of the civilian labor force provides insight into the size and dynamics of the working population. Economists and policymakers analyze this data to assess the broader economic conditions and labor market trends.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This indicator is widely used to inform economic and workforce policies.
Key Facts
- The civilian labor force includes all employed and unemployed individuals.
- Annual growth rates can signal shifts in the size and composition of the working population.
- This data helps policymakers assess labor market health and economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of the civilian labor force in the United States, providing insight into the size and dynamics of the working population.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers analyze this data to assess broader economic conditions and labor market trends, which informs workforce and economic policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This indicator is widely used to inform economic and workforce policies, as it provides insights into the size and dynamics of the working population.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Labor Statistics, with occasional delays due to survey collection and processing.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFACTTTTCAA657N), retrieved from FRED.