Infra-Annual Registered Unemployment and Job Vacancies: Private Sector: Unfilled Vacancies for United States
Quarterly, Not Seasonally Adjusted
LMJVPRUVUSQ175N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,673,667.00
Year-over-Year Change
29.27%
Date Range
1/1/2001 - 10/1/2023
Summary
This series measures the quarterly, not seasonally adjusted U.S. labor force participation rate. It provides insight into the relative size and engagement of the working-age population in the 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 either employed or actively seeking work. It is a key indicator of the overall health and utilization of the U.S. labor force.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
The labor force participation rate is closely watched by policymakers, economists, and market analysts for its implications on economic growth, employment, and inflation.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are lower for older workers and those without a college degree.
- Declines in participation have contributed to labor shortages in some industries.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted series measures the percentage of the U.S. civilian noninstitutional population aged 16 and over 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 force, with implications for economic growth, employment, and inflation.
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: The labor force participation rate is closely watched by policymakers, economists, and market analysts for its insights on the labor market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short delay, providing timely information on labor force participation trends.
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Currency Conversions: EURO Exchange Rate: Spot, End of Period: EUR: National Currency for United States
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LMJVPRUVUSQ175N), retrieved from FRED.