Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Turkiye
Persons, Annual, Seasonally Adjusted
LFACTTTTTRA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,704,750.00
Year-over-Year Change
32.14%
Date Range
1/1/2006 - 1/1/2024
Summary
This trend measures the total number of persons employed in the United States on an annual, seasonally adjusted basis. It provides a comprehensive view of the overall employment level in the U.S. economy.
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 tracks the total number of employed persons in the United States, adjusting for seasonal variations. It is a key economic indicator used by policymakers, economists, and analysts to assess the health and strength of the U.S. labor market.
Methodology
This data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The employment level is a critical factor in determining monetary and fiscal policy decisions.
Key Facts
- The U.S. employed over 160 million people in 2022.
- Employment levels have rebounded from the COVID-19 pandemic.
- The service sector accounts for the largest share of U.S. employment.
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, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The employment level is a critical indicator of the overall health and strength of the U.S. economy, used by policymakers, economists, and analysts to inform decision-making.
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 employment level is a key factor in determining monetary and fiscal policy decisions, as it reflects the overall strength of the labor market and consumer demand.
Q: Are there update delays or limitations?
A: The data is updated annually and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFACTTTTTRA647S), retrieved from FRED.