Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Australia
Persons, Annual, Seasonally Adjusted
LFEM64TTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,606,460.00
Year-over-Year Change
24.01%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the total number of employed persons aged 16 and over in the United States on an annual, seasonally adjusted basis. It is a key indicator of labor force participation and economic activity.
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 total employment level is a comprehensive measure of the size of the U.S. workforce. It reflects the overall health and growth of the economy, and is closely monitored by policymakers, analysts, and businesses.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Employment trends are a vital input for fiscal and monetary policy decisions.
Key Facts
- The U.S. employed over 158 million people in 2021.
- Employment levels fell sharply during the COVID-19 recession but have since recovered.
- Service sectors like healthcare and technology have been the main drivers of employment growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons aged 16 and over in the United States on an annual, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Employment levels are a key indicator of the overall health and growth of the U.S. economy, and are closely monitored by policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Employment trends are a vital input for fiscal and monetary policy decisions made by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFEM64TTAUA647S), retrieved from FRED.