Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Sweden
Persons, Annual, Seasonally Adjusted
LFEM24TTSEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
517,425.00
Year-over-Year Change
3.38%
Date Range
1/1/2001 - 1/1/2024
Summary
The 'Persons, Annual, Seasonally Adjusted' trend measures the total number of employed persons in the United States on an annual basis, adjusted for seasonal variations. This key economic indicator provides insight into the overall 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
This employment statistic tracks the total number of people aged 16 and older who are actively employed in the U.S. economy. It is a vital metric used by economists, policymakers, and analysts to gauge workforce participation, economic growth, and the effectiveness of labor market policies.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This employment trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The annual number of employed persons in the U.S. was over 158 million in 2022.
- The employment-population ratio, a related metric, stood at 60.1% in 2022.
- The U.S. has experienced steady job growth since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The 'Persons, Annual, Seasonally Adjusted' trend measures the total number of employed persons in the United States on an annual basis, with adjustments made for seasonal variations in the data.
Q: Why is this trend relevant for users or analysts?
A: This employment statistic is a key indicator of the overall health and strength of the U.S. labor market, providing insight into workforce participation, economic growth, and the effectiveness of labor market policies.
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 'Persons, Annual, Seasonally Adjusted' trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The annual employment data is typically released with a short lag, but the series is subject to periodic revisions by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFEM24TTSEA647S), retrieved from FRED.