Inactive Population: Aged 15-74: All Persons for the European Union
Annual, Not Seasonally Adjusted
LFIN74TTEUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133,079,575.00
Year-over-Year Change
-5.58%
Date Range
1/1/2005 - 1/1/2019
Summary
This trend measures the annual, not seasonally adjusted labor force participation rate for the total population of the United States. It is a key indicator of the health and size of the U.S. labor market.
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 proportion of the civilian, noninstitutional population aged 16 and over that is employed or actively seeking employment. This metric is closely watched by economists and policymakers as it provides insight into the strength and utilization of the labor force.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
The labor force participation rate is used to assess the overall health of the labor market and inform economic and policy decisions.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates are lower for older workers and women compared to other demographic groups.
- The participation rate has declined since the early 2000s due to factors like aging population and discouraged workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of the civilian, noninstitutional population aged 16 and over that is employed or actively seeking employment 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 the health and strength of the U.S. labor market, providing insight into the overall utilization of the working-age population.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the labor force participation rate to assess the overall health of the labor market and inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is released monthly by the U.S. Bureau of Labor Statistics, with a typical delay of around one month.
Related Trends
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Active Population: Aged 15-64: Males for the European Union
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Producer Prices Index: Type of goods: Consumer goods: Domestic for the European Union
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LFEM55TTEUA647N
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN74TTEUA647S), retrieved from FRED.