Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for OECD
Persons, Seasonally Adjusted
OECDLFEM24TTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,103,200.00
Year-over-Year Change
3.94%
Date Range
1/1/2007 - 1/1/2025
Summary
The 'Persons, Seasonally Adjusted' economic trend measures the total labor force participation rate for the United States. This key indicator provides insights into the overall health and dynamics 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
This trend represents the percentage of the civilian non-institutional population aged 15-64 that is either employed or actively seeking work. It is a widely-used metric for evaluating the labor force and labor market participation in the U.S. economy.
Methodology
The data is collected and calculated by the Organization for Economic Cooperation and Development (OECD) based on official U.S. government labor force surveys.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength of the labor force and make informed decisions about employment, economic growth, and other policies.
Key Facts
- The labor force participation rate in the U.S. was 62.2% as of the latest data.
- Participation rates have declined from a peak of over 67% in the early 2000s.
- Women's participation has increased over time but remains lower than men's.
FAQs
Q: What does this economic trend measure?
A: The 'Persons, Seasonally Adjusted' trend measures the percentage of the civilian non-institutional population aged 15-64 that is either employed or actively seeking work, providing insights into the overall labor force participation in the U.S.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the strength and dynamics of the U.S. labor market, which is crucial for policymakers, economists, and businesses to assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on official U.S. government labor force surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to evaluate the labor force, employment, and overall economic growth, which informs decision-making on policies related to the labor market, employment, and the broader economy.
Q: Are there update delays or limitations?
A: The data is updated periodically by the OECD, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Persons, Seasonally Adjusted (OECDLFEM24TTSTSAQ), retrieved from FRED.