Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Australia
Annual, Seasonally Adjusted
LFWA64TTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,657,440.00
Year-over-Year Change
16.43%
Date Range
1/1/1978 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted labor force participation rate for the U.S. total population aged 16 and over. It provides important insights into the size and composition of the domestic 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 labor force participation rate represents the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. It is a key metric for economists and policymakers in evaluating labor market dynamics and the health of the overall economy.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This metric helps inform economic and employment policies at the federal level.
Key Facts
- The U.S. labor force participation rate averaged 63.4% in 2022.
- Participation rates are lower for older workers and higher for prime-working-age adults.
- The labor force participation rate has declined from a peak of 67.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted labor force participation rate for the U.S. total population aged 16 and over.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key metric for evaluating labor market dynamics and the overall health of the economy.
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: This metric helps inform economic and employment policies at the federal level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA64TTAUA647S), retrieved from FRED.