Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for United States
Annual, Seasonally Adjusted
LFWA64TTUSA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
208,835,300.00
Year-over-Year Change
3.68%
Date Range
1/1/1955 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the percentage of the U.S. civilian labor force aged 16 and over that is employed. This key economic indicator provides insights into the strength and stability 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 represents the percentage of the civilian noninstitutional population aged 16 and over that is employed or actively seeking work. This metric is widely used by economists and policymakers to assess the health and dynamics of the U.S. labor market.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey (CPS) and calculated by the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is a crucial input for economic analysis and policy decisions regarding employment, consumer spending, and broader macroeconomic trends.
Key Facts
- The U.S. labor force participation rate averaged 62.2% in 2022.
- The participation rate has declined from its peak of 67.3% in 2000.
- Women's participation rate is lower than men's, but the gap has narrowed over time.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the percentage of the U.S. civilian labor force aged 16 and over 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 health and dynamics of the U.S. labor market, providing insights for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey (CPS) and calculated by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used by economists and policymakers to assess the strength and stability of the U.S. labor market, informing decisions related to employment, consumer spending, and broader macroeconomic trends.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA64TTUSA647S), retrieved from FRED.