Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Sweden
Annual, Not Seasonally Adjusted
LRAC74TTSEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.28
Year-over-Year Change
6.06%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the labor force participation rate for the U.S. civilian non-institutional population aged 16 and over on an annual, not seasonally adjusted basis. It provides insights into the overall size and composition of the workforce.
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 non-institutional population aged 16 and over who are either employed or actively seeking work. This metric is closely monitored by economists and policymakers to gauge the strength and utilization of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is a key indicator used in the formulation of economic and monetary policy.
Key Facts
- The U.S. labor force participation rate reached a peak of 67.3% in 2000.
- Participation rates have declined since the Great Recession, reflecting demographic shifts and changes in the economy.
- Variations in the participation rate can influence unemployment statistics and inform policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian non-institutional population aged 16 and over who are 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 strength and utilization of the U.S. labor market, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a crucial input in the formulation of economic and monetary policy, as it provides insights into the overall size and composition of the workforce.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a lag, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRAC74TTSEA156N), retrieved from FRED.