Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for United States
Annual, Not Seasonally Adjusted
LREM64TTUSA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.86
Year-over-Year Change
7.04%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate in the United States. This metric is a key indicator of the strength and health of the U.S. labor market.
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 tracks the percentage of the civilian noninstitutional population that is employed or actively seeking employment. It is a crucial measure used by economists and policymakers to assess the overall employment situation and potential for economic growth.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate informs decisions and policies related to employment, economic activity, and fiscal/monetary policy.
Key Facts
- The labor force participation rate peaked at 67.3% in 2000.
- The rate declined during the Great Recession, reaching a low of 62.4% in 2015.
- As of 2022, the labor force participation rate stands at 62.2%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate in the United States, which is the percentage of the civilian noninstitutional population that is employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the strength and health of the U.S. labor market, and it informs decisions and policies related to employment, economic activity, and fiscal/monetary policy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used by economists and policymakers to assess the overall employment situation and potential for economic growth, which informs decisions related to employment, economic activity, and fiscal/monetary policy.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a short delay, and it may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM64TTUSA156N), retrieved from FRED.