Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Finland
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM55TTFIA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.76
Year-over-Year Change
30.67%
Date Range
1/1/1999 - 1/1/2022
Summary
This economic trend measures the annual growth rate of the labor force participation rate, a key indicator of the size and composition of the U.S. labor market. It is a crucial metric for economists and policymakers to understand workforce dynamics.
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 share of the civilian non-institutional population that is either employed or actively seeking work. The annual growth rate of this metric provides insights into labor market trends and changes in workforce engagement over time.
Methodology
The data is collected through the U.S. Current Population Survey, a comprehensive monthly household survey.
Historical Context
Labor force participation is a vital consideration for the Federal Reserve and other institutions when evaluating the overall health of the economy.
Key Facts
- The U.S. labor force participation rate was 62.2% as of December 2022.
- Participation rates have declined from a peak of 67.3% in 2000.
- Women's participation rate is lower than men's, at 57.0% vs. 67.6% in 2022.
FAQs
Q: What does this economic trend measure?
A: This metric measures the annual growth rate of the labor force participation rate, which represents the share of the civilian non-institutional population that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of workforce dynamics and engagement, providing important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey, a comprehensive monthly household survey conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a vital consideration for the Federal Reserve and other institutions when evaluating the overall health and direction of the economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM55TTFIA657N), retrieved from FRED.