Real Private Sector Final Consumption Expenditure for Australia
Quarterly, Not Seasonally Adjusted
NCPRNSAXDCAUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
318,014.00
Year-over-Year Change
6.15%
Date Range
7/1/1959 - 1/1/2025
Summary
This series measures the quarterly, not seasonally adjusted civilian labor force participation rate in the United States. It is a key indicator of labor market health and workforce 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 civilian labor force participation rate represents the percentage of the civilian noninstitutional population that is either employed or actively seeking employment. This metric is closely monitored by economists and policymakers to assess the utilization of human capital and underlying labor market dynamics.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate provides important context for interpreting employment, unemployment, and other labor market indicators.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are lower for older workers and individuals with disabilities.
- Women's labor force participation has increased significantly since the 1950s.
FAQs
Q: What does this economic trend measure?
A: This series measures the percentage of the civilian noninstitutional population that is either employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market health and the underlying trends in workforce utilization.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the labor force participation rate to assess the utilization of human capital and make informed decisions regarding employment, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The labor force participation data is published monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (NCPRNSAXDCAUQ), retrieved from FRED.