Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Canada
Annual, Seasonally Adjusted
LRACTTTTCAA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.47
Year-over-Year Change
-1.87%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Seasonally Adjusted data series measures total consumer credit outstanding in the U.S. economy, providing insights into consumer spending and borrowing patterns.
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
This indicator tracks the total amount of outstanding consumer credit, including revolving credit like credit cards and non-revolving credit such as auto loans and student loans. It is a key metric for analyzing consumer financial health and the overall state of the economy.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this data to gauge consumer demand and evaluate the effectiveness of monetary policies.
Key Facts
- Consumer credit outstanding reached a record high of $4.53 trillion in 2022.
- Revolving credit, such as credit cards, makes up about a third of total consumer credit.
- The COVID-19 pandemic led to a temporary decline in consumer credit in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted data series tracks the total amount of outstanding consumer credit in the U.S. economy, including revolving credit like credit cards and non-revolving credit such as auto loans and student loans.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer spending and borrowing patterns, which are crucial for understanding the overall state of the economy and the effectiveness of monetary policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to gauge consumer demand and evaluate the effectiveness of monetary policies, such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRACTTTTCAA156S), retrieved from FRED.