Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Denmark
Annual, Not Seasonally Adjusted
LFWA64TTDKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,781,700.00
Year-over-Year Change
4.74%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the annual civilian labor force participation rate for ages 25-54 in the United States. It is a key indicator of labor market dynamics and economic well-being.
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 participation rate represents the share of the working-age population that is employed or actively seeking work. This metric is widely used by economists and policymakers to assess the strength and resiliency of the U.S. labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Labor force participation is a crucial input for economic analysis and policy decisions related to employment, income, and productivity.
Key Facts
- The current U.S. civilian labor force participation rate for ages 25-54 is around 82%.
- Labor force participation declined during the Great Recession but has partially recovered since then.
- Trends in labor force participation can reflect broader economic and demographic shifts in the workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual civilian labor force participation rate for individuals aged 25-54 in the United States. It represents the share of the working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the strength and resiliency of the U.S. labor market. It provides insights into workforce dynamics and economic well-being that are vital for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Labor force participation is a key input for economic analysis and policy decisions related to employment, income, and productivity. Trends in this metric can inform workforce development initiatives, monetary policy, and assessments of the overall health of the economy.
Q: Are there update delays or limitations?
A: The labor force participation data is updated monthly, with an annual average published for each year. There may be some delays in the most recent data due to the time required for collection and publication.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWA64TTDKA647N), retrieved from FRED.