Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Slovak Republic
Persons, Annual, Seasonally Adjusted
LFEM55TTSKA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
446,100.00
Year-over-Year Change
41.96%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Persons, Annual, Seasonally Adjusted' trend measures the total civilian labor force participation rate for the U.S. economy. This key economic indicator provides insight into the size and dynamics of the domestic workforce.
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 annual, seasonally adjusted metric tracks the proportion of the civilian noninstitutional population aged 16 and over who are either employed or actively seeking work. It is a vital gauge of labor market strength and the underlying health of the U.S. economy.
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 labor force participation rate is closely monitored by policymakers, analysts, and economists to assess employment conditions and guide economic and workforce development strategies.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates vary significantly by age, gender, and other demographic factors.
- The metric reached a peak of 67.3% in early 2000 before declining in subsequent decades.
FAQs
Q: What does this economic trend measure?
A: The 'Persons, Annual, Seasonally Adjusted' metric tracks the proportion of the U.S. civilian population aged 16 and over who are 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 the size and engagement of the domestic workforce, providing insights into employment conditions and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts closely monitor the labor force participation rate to assess employment conditions and guide economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted data is published with a relatively short delay, providing timely insights into labor market trends.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFEM55TTSKA647S), retrieved from FRED.