Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Japan
Persons, Annual, Not Seasonally Adjusted
LFACTTTTJPA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69,570,840.00
Year-over-Year Change
5.97%
Date Range
1/1/1955 - 1/1/2024
Summary
This annual, not seasonally adjusted series measures the total civilian labor force in the United States. It is a key economic indicator used to assess the overall size and trends in the U.S. workforce.
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 civilian labor force includes all non-military individuals who are employed or actively seeking work. This data series provides a comprehensive view of the working-age population and is used by economists and policymakers to analyze labor market dynamics and inform employment policies.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Labor force statistics are crucial for understanding economic growth, workforce participation, and the overall health of the U.S. economy.
Key Facts
- The U.S. civilian labor force totaled over 164 million people in 2022.
- Labor force participation rate was 62.2% as of December 2022.
- The labor force has grown by over 15 million people since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of civilians in the United States who are employed or actively seeking work, providing a comprehensive view of the U.S. labor force.
Q: Why is this trend relevant for users or analysts?
A: Labor force data is crucial for understanding economic growth, workforce participation, and the overall health of the U.S. economy. It informs policy decisions and is closely watched by economists, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Labor force statistics are used by policymakers, central banks, and other institutions to assess the state of the economy, inform employment policies, and guide macroeconomic decision-making.
Q: Are there update delays or limitations?
A: This annual, not seasonally adjusted series is published with a delay of several months. Users should be aware of this when interpreting the most recent data.
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Citation
U.S. Federal Reserve, Persons, Annual, Not Seasonally Adjusted (LFACTTTTJPA647N), retrieved from FRED.