Population (LFS Basis): All Ages: All Persons for Estonia
Annual, Seasonally Adjusted
LFPOTTTTEEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,315,725.00
Year-over-Year Change
-4.93%
Date Range
1/1/2000 - 1/1/2013
Summary
This series measures the total U.S. labor force participation rate on an annual, seasonally adjusted basis. It is a key economic indicator used to assess the overall health and utilization of the nation's working-age population.
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. This metric provides insights into workforce trends and the availability of workers to support economic growth.
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 the labor force participation rate to gauge the strength of the labor market and inform decisions related to employment, wages, and economic policy.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates have declined from the 1990s due to demographic shifts and other factors.
- The participation rate is a critical measure of the economy's productive capacity.
FAQs
Q: What does this economic trend measure?
A: This series measures the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work 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 strength and utilization of the nation's workforce, providing insights into economic growth potential and labor market dynamics.
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 assess the health of the labor market and inform decisions related to employment, wages, and broader economic policies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a short lag, allowing for timely monitoring of workforce trends.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFPOTTTTEEA647S), retrieved from FRED.