Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Sweden
Annual, Seasonally Adjusted
LREM55TTSEA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.13
Year-over-Year Change
8.28%
Date Range
1/1/2001 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' economic trend measures the percentage change in the U.S. labor force participation rate over a 12-month period. This key indicator provides insights into the health and growth of the American 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 total number of employed and unemployed individuals as a percentage of the civilian non-institutional population. Economists closely monitor this statistic to assess the strength and capacity of the U.S. labor market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on monthly household surveys.
Historical Context
This labor market trend is widely used by policymakers, investors, and analysts to evaluate economic performance and guide decision-making.
Key Facts
- The U.S. labor force participation rate averaged 62.3% in 2022.
- The rate has declined from a peak of 67.3% in 2000.
- Participation varies by age, gender, and other demographic factors.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the year-over-year percentage change in the U.S. labor force participation rate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the size and dynamics of the American workforce, which is a key driver of economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts closely monitor the labor force participation rate to assess the health of the labor market and guide decisions on employment, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 weeks. The metric may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LREM55TTSEA156S), retrieved from FRED.