Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Luxembourg
Persons, Annual, Seasonally Adjusted
LFACTTTTLUA647S • 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 economic trend measures the total number of persons employed in the United States on an annual, seasonally adjusted basis. It is a key indicator of the overall health and strength 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 'Persons, Annual, Seasonally Adjusted' series represents the total number of employed individuals in the U.S., adjusted for seasonal variations. This metric is widely used by economists and policymakers to analyze workforce participation, economic growth, and labor force trends.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Key Facts
- The U.S. employed over 158 million people in 2022.
- Employment levels declined sharply in 2020 due to the COVID-19 pandemic.
- The U.S. has experienced steady employment growth since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The 'Persons, Annual, Seasonally Adjusted' trend measures the total number of employed individuals in the United States on an annual basis, with adjustments made for seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of the overall health of the U.S. labor market and economy. It is widely used by economists, policymakers, and analysts to assess workforce participation, economic growth, and labor force trends.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Persons, Annual, Seasonally Adjusted' employment trend is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions, such as interest rate adjustments and fiscal stimulus measures.
Q: Are there update delays or limitations?
A: There may be a short delay in the release of the annual, seasonally adjusted employment data, as the Bureau of Labor Statistics compiles and processes the survey information. Additionally, seasonal adjustments may not fully capture all economic disruptions, such as the impact of the COVID-19 pandemic.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFACTTTTLUA647S), retrieved from FRED.