Annual, Not Seasonally Adjusted
LRHUADFEG7A156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
-16.36%
Date Range
1/1/2004 - 1/1/2016
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total labor force participation rate in the United States. This key economic indicator provides insights into the size and composition of the U.S. 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 percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work. This metric is closely watched by economists and policymakers to gauge the health and utilization of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly survey of households conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is used to inform employment and economic policies at the federal, state, and local levels.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are lower for older workers and higher for prime-age adults.
- The rate declined significantly during the COVID-19 pandemic but has been recovering.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and utilization of the U.S. labor market, providing insights into the size and composition of the workforce.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly survey of households conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used to inform employment and economic policies at the federal, state, and local levels.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' data is released monthly with a relatively short time lag, making it a timely indicator of labor market conditions.
Related Trends
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUADFEG7A156S), retrieved from FRED.