Quarterly, Not Seasonally Adjusted
LFIN24TTG7Q647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,589,000.00
Year-over-Year Change
-2.10%
Date Range
4/1/2003 - 4/1/2017
Summary
This economic trend measures the quarterly, not seasonally adjusted labor force participation rate for individuals aged 24 to 7 in the United States. This metric is closely watched by economists and policymakers as an indicator of labor market participation and economic conditions.
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 share of the civilian noninstitutional population that is either employed or actively seeking employment. This trend provides a granular view of participation dynamics across different age groups, which can offer insights into labor market trends and inform economic decision-making.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey (CPS).
Historical Context
Policymakers and analysts use this trend to assess the health of the labor market and evaluate the impact of economic policies.
Key Facts
- The labor force participation rate for ages 24-7 was 80.4% in Q4 2022.
- Participation rates vary significantly by age, with higher rates among prime-working age individuals.
- Trends in labor force participation can impact economic growth, inflation, and policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, not seasonally adjusted labor force participation rate for individuals aged 24 to 7 in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market health and economic conditions, providing insights into the working-age population's engagement in the economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey (CPS).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess labor market dynamics and evaluate the impact of economic policies on workforce participation.
Q: Are there update delays or limitations?
A: The data is published quarterly with a relatively short delay, providing timely insights into labor force participation trends.
Related Trends
Balance of Payments: Services: Expenditure for G7
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International Merchandise Trade Statistics: Exports: Commodities for G7
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for G7
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Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for G7
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for G7
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Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for G7
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFIN24TTG7Q647N), retrieved from FRED.