Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 74 Years for Ireland
Annual, Seasonally Adjusted
LFWA74TTIEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,008,000.00
Year-over-Year Change
18.86%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted employment-to-population ratio for the population aged 15-64 in the United States. It provides insight into labor market participation and workforce utilization.
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 employment-to-population ratio is an important labor market indicator that tracks the share of the working-age population that is employed. This metric offers a comprehensive view of employment levels beyond just the unemployment rate.
Methodology
The data is collected through the U.S. Current Population Survey and adjusted for seasonal variations.
Historical Context
Policymakers and economists closely monitor this ratio to assess the strength of the labor market and overall economic conditions.
Key Facts
- The U.S. employment-to-population ratio averaged 59.2% in 2022.
- The ratio reached a record high of 64.7% in April 2000.
- The ratio fell sharply during the COVID-19 pandemic, dropping to 51.3% in April 2020.
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 employed. It provides a comprehensive view of labor market participation.
Q: Why is this trend relevant for users or analysts?
A: The employment-to-population ratio is a key indicator of the strength of the labor market and overall economic health. It offers important insights beyond just the unemployment rate.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this ratio to assess the strength of the labor market and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA74TTIEA647S), retrieved from FRED.