Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Portugal
Persons, Annual, Seasonally Adjusted
LFACTTTTPTA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,463,400.00
Year-over-Year Change
1.53%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the total number of persons employed on an annual basis, adjusted for seasonal variations. It provides a comprehensive overview of the U.S. labor market and is a key indicator for economists and policymakers.
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 trend represents the total number of people employed in the United States, aggregated on a yearly basis and adjusted to account for regular seasonal fluctuations. This metric is widely used to analyze long-term employment trends and labor force dynamics.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau and the Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the overall health and resilience of the U.S. economy.
Key Facts
- The annual employment level in the U.S. reached a record high of 157.5 million in 2019.
- The COVID-19 pandemic led to a sharp decline in employment, with over 22 million jobs lost in 2020.
- The U.S. labor force participation rate stood at 61.7% as of 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the United States on an annual basis, with the data adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The Persons, Annual, Seasonally Adjusted trend is a crucial indicator of the overall health and strength of the U.S. labor market, providing valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess the overall employment situation and inform decisions on fiscal and monetary policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The Persons, Annual, Seasonally Adjusted data is typically published with a delay of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFACTTTTPTA647S), retrieved from FRED.