Infra-Annual Labor Statistics: Working-Age Population Male: From 55 to 64 Years for Hungary
Annual, Seasonally Adjusted
LFWA55MAHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
552,625.00
Year-over-Year Change
-14.63%
Date Range
1/1/1999 - 1/1/2024
Summary
This trend measures the annual civilian labor force in the United States, seasonally adjusted. It provides a comprehensive view of the size and composition 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 annual, seasonally adjusted civilian labor force represents the total number of employed and unemployed individuals in the U.S. aged 16 and over. It is a key economic indicator used by policymakers and analysts to assess labor market conditions and trends.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This labor force trend is crucial for informing economic and workforce policies.
Key Facts
- The U.S. civilian labor force exceeded 164 million in 2021.
- The labor force participation rate was 61.6% in 2021.
- The unemployment rate averaged 5.3% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people in the U.S. civilian labor force, including both employed and unemployed individuals, on an annual basis and adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The annual, seasonally adjusted civilian labor force is a key indicator of the size and health of the U.S. labor market, providing important insights for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This labor force trend is crucial for informing economic and workforce policies, as it helps policymakers and analysts assess labor market conditions and trends.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA55MAHUA647S), retrieved from FRED.