Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Luxembourg
Persons, Annual, Not Seasonally Adjusted
LFACTTTTLUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
346,125.00
Year-over-Year Change
39.09%
Date Range
1/1/1998 - 1/1/2024
Summary
This annual, not seasonally adjusted data series tracks the total number of persons in the U.S. labor force. It is a key indicator of the size and composition of the overall 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 'Persons, Annual, Not Seasonally Adjusted' metric represents the total number of individuals aged 16 and over who are either employed or actively seeking work. This broad labor force statistic is widely used by economists and policymakers to analyze labor market trends and dynamics.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This labor force participation measure informs economic and policy decisions related to employment, wages, and workforce development.
Key Facts
- The U.S. labor force totaled over 165 million people in 2022.
- Women's participation rate was 57.0% compared to 67.9% for men in 2022.
- The labor force participation rate has declined from its peak of 67.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of persons aged 16 and over who are either employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: The size and composition of the labor force is a crucial indicator for understanding employment, economic growth, and workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this labor force participation data to inform decisions related to employment, wages, and workforce development.
Q: Are there update delays or limitations?
A: The data is released annually with a lag of several months, and does not account for seasonal variations in the labor force.
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Citation
U.S. Federal Reserve, Persons, Annual, Not Seasonally Adjusted (LFACTTTTLUA647N), retrieved from FRED.