Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for United States
Persons, Annual, Seasonally Adjusted
LFACTTTTUSA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168,106,200.00
Year-over-Year Change
8.47%
Date Range
1/1/1955 - 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 labor market health and economic activity.
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' metric represents the total number of employed individuals in the U.S. workforce, including both full-time and part-time workers. It is a widely tracked statistic used by economists, policymakers, and analysts to gauge the strength and direction of the overall job market.
Methodology
The data is collected through monthly surveys of U.S. households conducted by the Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched by the Federal Reserve and other institutions when evaluating monetary and fiscal policy decisions.
Key Facts
- The U.S. employed over 155 million people in 2022.
- Employment levels have recovered to pre-pandemic highs.
- The unemployment rate remains below 4% as of early 2023.
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 key indicator of the overall health of the U.S. economy and labor market, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. households conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this employment trend when evaluating monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short lag, providing timely information on the state of the U.S. labor market.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFACTTTTUSA647S), retrieved from FRED.