Infra-Annual Labor Statistics: Employment Male: 15 Years or over for Australia
Persons, Annual, Not Seasonally Adjusted
LFEMTTMAAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,492,054.00
Year-over-Year Change
21.55%
Date Range
1/1/1965 - 1/1/2024
Summary
This annual, not seasonally adjusted series measures the total number of persons in the U.S. labor force. It provides a broad indicator of workforce 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 labor force represents the number of people employed or actively seeking work. This metric is a key statistic used by policymakers and analysts to assess the strength and dynamics of the U.S. economy.
Methodology
The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Trends in the total labor force inform economic and workforce policy decisions.
Key Facts
- The U.S. labor force totaled over 165 million people in 2021.
- Participation in the labor force has declined since the 2000s.
- Women make up nearly 47% of the total U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of people in the U.S. labor force, including both employed and actively job-seeking individuals.
Q: Why is this trend relevant for users or analysts?
A: The total labor force is a key indicator of economic activity and workforce dynamics, informing policy decisions around employment, workforce development, and macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in the labor force size and participation rates are closely monitored by policymakers, economists, and institutions to assess the strength of the economy and inform decisions around employment, workforce, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The labor force data is published annually with a delay of several months, so it may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, Persons, Annual, Not Seasonally Adjusted (LFEMTTMAAUA647N), retrieved from FRED.