Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Australia
Annual, Seasonally Adjusted
LFWA55TTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,065,056.00
Year-over-Year Change
18.29%
Date Range
1/1/1979 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the total civilian labor force in the United States. This broad economic indicator is closely watched by policymakers to assess the health and size of the U.S. workforce.
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 civilian labor force includes all non-institutional persons 16 years of age and older who are either employed or actively seeking work. This metric provides important insights into workforce participation and potential economic productivity.
Methodology
The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The civilian labor force trend is a key input for the Federal Reserve and other institutions when evaluating labor market conditions and formulating economic policy.
Key Facts
- The U.S. civilian labor force totaled 164.4 million in January 2023.
- Labor force participation rate was 62.4% in January 2023.
- Workforce size has grown by over 15% since 2000.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total number of civilians aged 16 and older who are either employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: This broad labor force metric provides important insights into the health and size of the U.S. workforce, which is a key driver of economic productivity and a major focus for policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The civilian labor force trend is a key input for the Federal Reserve and other institutions when evaluating labor market conditions and formulating economic policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 weeks. The figures are seasonally adjusted to account for recurring fluctuations.
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Australia
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA55TTAUA647S), retrieved from FRED.