Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for United States
Annual, Seasonally Adjusted
LMJVTTUVUSA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,352,333.00
Year-over-Year Change
172.69%
Date Range
1/1/2001 - 1/1/2023
Summary
The Annual, Seasonally Adjusted series measures the U.S. civilian labor force participation rate. This metric is a key indicator of labor market health and economic activity.
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 percentage of the civilian noninstitutional population aged 16 and older that is either employed or actively seeking work. It is a crucial data point for economists and policymakers to assess labor market dynamics and potential workforce capacity.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
The participation rate is used to inform economic policy decisions and market analysis.
Key Facts
- The labor force participation rate reached a high of 67.3% in 2000.
- Participation declined from the 2000 peak to around 63% during the Great Recession.
- The rate has gradually recovered to 61.6% as of the latest data.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted series measures the percentage of the civilian population aged 16 and older 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 labor market health and the overall strength of the economy. It provides insight into the size and composition of the available workforce.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: The participation rate is closely watched by policymakers and economists to assess labor market dynamics and the potential for economic growth. It informs decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The participation rate data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LMJVTTUVUSA647S), retrieved from FRED.