Quarterly, Not Seasonally Adjusted
LFUNTTFEG7Q647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,529,000.00
Year-over-Year Change
-18.72%
Date Range
4/1/1999 - 4/1/2017
Summary
This economic indicator tracks the total number of full-time employees in the U.S. government sector on a quarterly, non-seasonally adjusted basis. It provides insights into public sector employment levels and is a key metric for economists and policymakers.
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 total full-time equivalent government employment trend represents the total number of full-time employees working across federal, state, and local government agencies in the United States. This metric is commonly used to analyze labor market dynamics and the size of the public sector workforce.
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 monitored by economists, policymakers, and labor market analysts to understand public sector employment trends and its implications for fiscal policy and the broader economy.
Key Facts
- The U.S. government employed over 22 million full-time workers as of 2022.
- Government employment accounts for around 15% of total U.S. nonfarm payrolls.
- State and local governments employ the majority of public sector workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of full-time equivalent employees working in the U.S. government sector, including federal, state, and local agencies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and composition of the public sector workforce, which is important for understanding labor market dynamics, fiscal policy, and the broader economic landscape.
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: Policymakers and economists monitor this trend to assess the size and role of the public sector, which can inform decisions on fiscal policy, government spending, and the overall health of the labor market.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of several weeks. There may be revisions to historical data as more information becomes available.
Related Trends
Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for G7
G7LFAC55MASTQ
Composite Leading Indicators: Reference Series (GDP) Normalized for G7
G7LORSGPNOSTSAM
Balance of Payments: Secondary Income: Expenditure for G7
G7B6DBSI01CXCUQ
Infra-Annual Labor Statistics: Unemployment Female: From 15 to 24 Years for G7
G7LFUN24FESTSAQ
Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 64 Years for G7
G7LFWA64MASTQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 15 Years or over for G7
G7LRHUTTFESTSAM
Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFUNTTFEG7Q647N), retrieved from FRED.