Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Australia
Annual, Not Seasonally Adjusted
LREM55TTAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.38
Year-over-Year Change
9.70%
Date Range
1/1/1979 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted civilian labor force in the United States. It provides important insights into long-term labor market trends.
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 annual, not seasonally adjusted civilian labor force is a key economic indicator that represents the total number of people 16 years and older who are employed or actively seeking work. This metric helps analysts and policymakers understand broader labor market dynamics.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
The civilian labor force is a critical input for assessing employment levels, productivity, and economic growth.
Key Facts
- The US civilian labor force exceeds 160 million people.
- Labor force participation has declined since the early 2000s.
- The size of the labor force is a key input for economic projections.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of people 16 years and older in the United States who are employed or actively seeking work, on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The size and dynamics of the civilian labor force are critical for understanding employment levels, productivity, and broader economic growth.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The civilian labor force is a key input for economic forecasting and policy decisions by governments, central banks, and other institutions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted labor force data is published with a short delay, typically a few months after the end of the year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM55TTAUA156N), retrieved from FRED.