Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Slovak Republic
Annual, Seasonally Adjusted
LFEASETTSKA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,651,400.00
Year-over-Year Change
19.71%
Date Range
1/1/1994 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted employment-population ratio for the United States. It is a key indicator of the strength and resilience of the 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 employment-population ratio represents the proportion of the civilian noninstitutional population aged 16 and over that is employed. Economists closely monitor this metric to assess the overall health and utilization of the U.S. workforce.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The employment-population ratio is a important input for policymakers at the Federal Reserve and other institutions when evaluating the state of the economy.
Key Facts
- The employment-population ratio reached a peak of 64.7% in April 2000.
- The ratio declined sharply during the Great Recession, falling to 58.2% in December 2009.
- As of the latest data, the employment-population ratio stands at 60.1% (December 2022).
FAQs
Q: What does this economic trend measure?
A: The annual, seasonally adjusted employment-population ratio measures the proportion of the civilian noninstitutional population aged 16 and over that is employed.
Q: Why is this trend relevant for users or analysts?
A: The employment-population ratio is a key indicator of labor market strength and the overall utilization of the workforce, making it important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The employment-population ratio is closely monitored by the Federal Reserve and other institutions as an input for evaluating the state of the economy and informing policy decisions.
Q: Are there update delays or limitations?
A: The employment-population ratio data is released monthly with a relatively short lag, providing timely insights into the labor market.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEASETTSKA647S), retrieved from FRED.