Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Australia
Monthly, Not Seasonally Adjusted
LFWA64TTAUM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,928,430.00
Year-over-Year Change
1.72%
Date Range
2/1/1978 - 5/1/2025
Summary
This economic indicator measures the civilian labor force as a percentage of the total working-age population in the United States. It provides insights into labor market participation and the size of the potential 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 proportion of the civilian non-institutional population aged 16 and over that is working or actively seeking employment. It is a key metric for understanding the health and structure of the U.S. labor market.
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 economists use this indicator to assess labor market dynamics and evaluate the potential for economic growth.
Key Facts
- The labor force participation rate reached a peak of 67.3% in 2000.
- The rate has declined from 66% in 2008 to 61.6% in 2022.
- Participation rates are lower for older workers and those with disabilities.
FAQs
Q: What does this economic trend measure?
A: The labor force participation rate measures the percentage of the civilian non-institutional population aged 16 and over that is working or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the size and composition of the U.S. labor force, which is crucial for understanding 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 economists use this indicator to assess labor market conditions and evaluate the potential for future economic growth.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a typical lag of around one month.
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AUSPROINDQISMEI
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Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Australia
LFEM55TTAUA647S
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Citation
U.S. Federal Reserve, Labor Force Participation Rate (LFWA64TTAUM647N), retrieved from FRED.