Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Denmark
Annual, Seasonally Adjusted
LFWA64TTDKA647S • 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 total labor force participation rate for the working-age population in the United States on an annual, seasonally adjusted basis. It is a key indicator of the overall health and utilization 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 labor force participation rate tracks the proportion of the civilian non-institutional working-age population that is either employed or actively seeking work. It is a fundamental measure of labor market dynamics and an important input for economic policymakers and analysts.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers use this metric to assess the strength of the economy and make informed decisions about fiscal and monetary policies.
Key Facts
- The U.S. labor force participation rate reached a high of 67.3% in 2000.
- The rate declined during the Great Recession, reaching a low of 62.4% in 2015.
- Participation has remained below 63% since 2013 due to demographic shifts and other factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of the working-age population in the United States that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the overall health and utilization of the U.S. labor market, making it an important metric for policymakers, economists, and investors.
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.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the strength of the economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a slight delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA64TTDKA647S), retrieved from FRED.