Annual, Not Seasonally Adjusted
LFIN24MAO1A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,848,000.00
Year-over-Year Change
5.87%
Date Range
1/1/2005 - 1/1/2016
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the annual labor force participation rate for individuals aged 24 to 34 in the United States. This key metric is crucial for understanding labor market dynamics and workforce trends.
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 participation rate represents the percentage of the civilian non-institutional population that is either employed or actively seeking work. Tracking this statistic for specific age cohorts provides important insights into workforce engagement and labor supply.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and economists closely monitor labor force participation trends to assess the health of the economy and guide economic and workforce development initiatives.
Key Facts
- The labor force participation rate for 24-34 year olds was 82.4% in 2021.
- Participation rates have declined from a peak of 84.7% in 2000.
- Trends vary by gender, education level, and other demographic factors.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' metric measures the percentage of the civilian non-institutional population aged 24 to 34 that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Labor force participation is a key indicator of workforce engagement and economic health. Tracking participation rates for specific age cohorts provides important insights into labor market dynamics and labor supply.
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: Policymakers and economists monitor labor force participation trends to assess the strength of the economy and guide workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN24MAO1A647S), retrieved from FRED.