Persons
LFEM24MAO1A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,379,000.00
Year-over-Year Change
-5.66%
Date Range
1/1/2005 - 1/1/2016
Summary
The 'Persons' trend measures the total number of employed and unemployed individuals in the United States. It is a key indicator of the overall health and dynamics 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 'Persons' series tracks the total population participating in the U.S. civilian labor force, including both employed and unemployed individuals. This metric is widely used by economists and policymakers to assess the broader employment situation and gauge the strength of the economy.
Methodology
The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The 'Persons' trend informs decisions around monetary and fiscal policy, as well as market analysis.
Key Facts
- The U.S. civilian labor force totaled over 165 million in 2022.
- The labor force participation rate was 62.2% as of December 2022.
- Unemployment rate stood at 3.5% in December 2022, a multi-decade low.
FAQs
Q: What does this economic trend measure?
A: The 'Persons' trend measures the total number of employed and unemployed individuals in the U.S. civilian labor force.
Q: Why is this trend relevant for users or analysts?
A: The 'Persons' trend is a key indicator of the overall health and dynamics of the U.S. labor market, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Persons' trend informs decisions around monetary and fiscal policy, as well as market analysis.
Q: Are there update delays or limitations?
A: The 'Persons' data is released monthly with a relatively short time lag, providing timely insights into the U.S. labor market.
Related Trends
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Infra-Annual Labor Statistics: Inactivity Rate Male: From 55 to 64 Years for OECD
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Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for OECD
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Citation
U.S. Federal Reserve, Persons (LFEM24MAO1A647S), retrieved from FRED.