Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Ireland
Annual, Not Seasonally Adjusted
LFIN55TTIEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184,025.00
Year-over-Year Change
-12.43%
Date Range
1/1/2000 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted employment in the financial activities sector. It provides important insights into the labor dynamics of the U.S. financial industry.
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 annual, not seasonally adjusted employment in the financial activities sector tracks the total number of people employed in this industry on a yearly basis without adjusting for seasonal fluctuations. This metric offers a comprehensive view of the long-term employment trends within the financial sector.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and financial analysts to assess the health and growth of the U.S. financial industry.
Key Facts
- The financial activities sector accounts for over 6% of total U.S. employment.
- Financial sector employment has grown by 10% over the past decade.
- The COVID-19 pandemic led to a 3% decline in financial sector jobs in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted employment in the U.S. financial activities sector, which includes industries such as banking, insurance, and securities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the long-term labor dynamics of the financial industry, which is a key driver of the U.S. economy. It is closely monitored by economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and financial regulators to assess the health and growth of the financial sector, which has important implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months. There may be revisions to the historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN55TTIEA647N), retrieved from FRED.