Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Australia
Annual, Seasonally Adjusted
LFEACNTTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,331,292.00
Year-over-Year Change
35.50%
Date Range
1/1/1985 - 1/1/2024
Summary
This trend measures the annual, seasonally adjusted labor force participation rate for the United States. It is a key economic indicator that provides insights into the size and composition of the active labor force.
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 labor force participation rate represents the proportion of the civilian non-institutional population that is either employed or actively seeking employment. This metric is closely monitored by economists and policymakers to gauge the health and utilization of the nation's workforce.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is used to inform economic and workforce development policies.
Key Facts
- The U.S. labor force participation rate was 62.2% as of December 2022.
- Participation rates vary by demographic factors such as age, gender, and education level.
- Declining participation rates can signal economic challenges, such as worker discouragement or skills mismatches.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of the civilian non-institutional population that is either employed or actively seeking employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market health and the utilization of the nation's workforce. It provides insights into economic and workforce development trends.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used by economists, policymakers, and institutions to inform decisions related to economic and workforce development policies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a typical lag of one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEACNTTAUA647S), retrieved from FRED.