Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Slovak Republic
Annual, Seasonally Adjusted
LREM25TTSKA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.78
Year-over-Year Change
9.23%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the total labor force in the United States. It is a key indicator used by economists and policymakers to analyze employment and workforce dynamics.
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 series represents the total civilian labor force in the U.S., which includes all employed and unemployed individuals actively seeking work. It is a foundational metric for assessing the overall strength and utilization of the national workforce.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey, a monthly household survey.
Historical Context
Labor force statistics help inform a range of economic policies and business decisions.
Key Facts
- The U.S. labor force totaled over 164 million workers in 2022.
- The labor force participation rate was 62.2% as of January 2023.
- The unemployment rate in the U.S. was 3.4% as of January 2023.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total number of employed and unemployed individuals actively participating in the U.S. civilian labor force.
Q: Why is this trend relevant for users or analysts?
A: The total labor force is a foundational economic indicator used to assess the overall strength and utilization of the national workforce, which informs a range of policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's monthly Current Population Survey of households.
Q: How is this trend used in economic policy?
A: Labor force statistics help inform a variety of economic policies and business decisions, such as those related to employment, workforce development, and macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Total Labor Force, Seasonally Adjusted (LREM25TTSKA156S), retrieved from FRED.