Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Turkiye
Persons, Annual, Seasonally Adjusted
LFEM64TTTRA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,470,500.00
Year-over-Year Change
30.20%
Date Range
1/1/2006 - 1/1/2024
Summary
This economic trend measures the total number of employed persons in the United States on an annual, seasonally adjusted basis. It is a key indicator of labor market conditions and overall 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 Persons, Annual, Seasonally Adjusted metric represents the total number of people employed in the U.S. economy over a 12-month period, adjusted to account for seasonal hiring patterns. It is a widely followed statistic used by economists, policymakers, and market analysts to gauge the health and direction of the labor market.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in this trend are closely watched for insights into the broader economic outlook and potential policy decisions.
Key Facts
- The annual, seasonally adjusted employed persons metric reached a record high of 158.8 million in 2019.
- Employment levels fell sharply during the COVID-19 pandemic but have since recovered to pre-pandemic levels.
- The employment-to-population ratio, a related metric, stood at 60.1% as of the latest data.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total number of people employed in the U.S. on an annual, seasonally adjusted basis. It is a key indicator of labor market health and overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: Changes in employed persons are closely watched by economists, policymakers, and market participants as a gauge of the broader economic outlook and potential policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Employed persons data is a critical input for policymakers at the Federal Reserve and other institutions when assessing the strength of the labor market and considering appropriate monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The employed persons data is published monthly with a typical delay of around one month. There are no major limitations, though the data may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFEM64TTTRA647S), retrieved from FRED.