Growth Rate Previous Period, Annual, Not Seasonally Adjusted
LFEM55TTO1A657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.25
Year-over-Year Change
-25.13%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic indicator measures the year-over-year growth rate of the labor force for the total population in the United States. It provides insight into the supply of available workers in the economy.
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 growth rate is a key metric for economists and policymakers to gauge the expansion or contraction of the working-age population. It signals shifts in the overall labor supply, which can inform workforce planning, economic forecasting, and policy decisions.
Methodology
The data is collected through the U.S. Census Bureau's monthly Current Population Survey.
Historical Context
This trend is used to analyze labor market dynamics and assess the potential for economic growth.
Key Facts
- The annual labor force growth rate averaged 0.7% from 2010-2019.
- The labor force growth rate declined to 0.4% in 2020 due to the COVID-19 pandemic.
- The labor force participation rate was 61.7% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of the total labor force in the United States, providing insights into the expansion or contraction of the working-age population.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key metric for economists and policymakers to gauge the supply of available workers, which informs workforce planning, economic forecasting, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force growth rate is used to analyze labor market dynamics and assess the potential for economic growth, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a slight delay, and may be subject to revisions as additional information becomes available.
Related Trends
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for OECD
OECDLREM24TTSTQ
Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 55 to 64 Years for OECD
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Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for OECD - Total
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Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for OECD
OECDLFHUADMASTSAM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for OECD
OECDLRHUTTTTSTSAQ
Infra-Annual Labor Statistics: Monthly Unemployment Female: 15 Years or over for OECD
OECDLFHUTTFESTSAM
Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (LFEM55TTO1A657N), retrieved from FRED.