Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Except Construction): Total for Russia
Annual
LFEAINTTRUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,188,440.00
Year-over-Year Change
-0.06%
Date Range
1/1/1999 - 1/1/2021
Summary
The Annual trend measures the labor force participation rate in the United States, which is the percentage of the working-age population that is employed or actively seeking work. This metric is a key indicator of the 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 labor force participation rate represents the active portion of an economy's labor force, which includes both the employed population and the unemployed population actively seeking work. This metric is widely used by economists and policymakers to assess the availability of human capital and the overall vitality of the job market.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of households.
Historical Context
The labor force participation rate is a critical input for economic and fiscal policy decisions.
Key Facts
- The U.S. labor force participation rate was 62.4% in 2022.
- The participation rate has declined from a peak of 67.3% in 2000.
- Aging demographics and changing work patterns have contributed to the long-term decline.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the percentage of the working-age population in the United States that is employed or actively seeking work, known as the labor force participation rate.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and strength of the U.S. job market, providing insights into the availability of human capital and the overall vitality of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of households.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a critical input for economic and fiscal policy decisions, as it reflects the overall supply of labor and workforce dynamics.
Q: Are there update delays or limitations?
A: The Annual labor force participation rate data is released on a regular schedule, with some time lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual (LFEAINTTRUA647N), retrieved from FRED.