Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for United States
Annual, Not Seasonally Adjusted
LRIN64TTUSA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.08
Year-over-Year Change
-6.76%
Date Range
1/1/1977 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted total labor force participation rate in the United States. It is a key indicator of the size and composition of the U.S. labor force.
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 noninstitutional population aged 16 and over that is employed or actively seeking work. This metric is used by economists and policymakers to analyze labor market trends and assess the health of the economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate provides important context for interpreting unemployment and employment figures.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates tend to decline during economic downturns.
- The participation rate peaked at 67.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: This series measures the percentage of the civilian noninstitutional population aged 16 and over that is 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 size and composition of the U.S. labor force, providing important context for interpreting unemployment and employment figures.
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: Economists and policymakers use the labor force participation rate to analyze labor market trends and assess the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRIN64TTUSA156N), retrieved from FRED.