Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Switzerland
Annual, Not Seasonally Adjusted
LFIN55TTCHA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
275,750.00
Year-over-Year Change
-2.13%
Date Range
1/1/2005 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted Labor Force Participation Rate for the U.S. economy. It is a key indicator of the health and utilization of the nation's workforce.
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 noninstitutional population aged 16 and over that is either employed or actively seeking work. It is a fundamental metric for understanding labor market dynamics and the broader economic environment.
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
Policymakers and analysts closely monitor this trend to gauge labor market conditions and inform decisions on fiscal, monetary, and workforce policies.
Key Facts
- The U.S. labor force participation rate averaged 62.8% in 2022.
- Participation rates have declined from historical highs above 67% in the early 2000s.
- Changes in the participation rate can signal shifts in the size and composition of the active workforce.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted Labor Force Participation Rate measures the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of economic health and labor market conditions. It provides insights into the overall size and engagement of the working-age population, which is crucial for policymakers and analysts.
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: Policymakers and analysts use the labor force participation rate to gauge labor market dynamics and inform decisions on fiscal, monetary, and workforce policies aimed at promoting employment and economic growth.
Q: Are there update delays or limitations?
A: The labor force participation rate data is typically published monthly with a short delay, providing timely insights into the U.S. labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN55TTCHA647N), retrieved from FRED.