Production or Nonsupervisory Employees: Manufacturing: Non-Durable Goods in Connecticut
Annual
SMU09000003200000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.80
Year-over-Year Change
13.24%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in the national labor force participation rate, which tracks the proportion of the working-age population that is employed or actively seeking work.
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 Annual trend provides a high-level gauge of the overall health and engagement of the U.S. labor market. It is closely watched by policymakers, economists, and investors as a key indicator of economic conditions and labor force dynamics.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a crucial input for economic modeling, workforce planning, and policy decisions.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates tend to decline during economic downturns.
- Women's participation rates have increased over the past several decades.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in the national labor force participation rate, which represents the percentage of the working-age population 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 crucial indicator of economic health and labor market dynamics, providing insights into the overall size and engagement of the workforce.
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 a key input for economic modeling, workforce planning, and policy decisions made by governments, central banks, and other institutions.
Q: Are there update delays or limitations?
A: The Annual trend is published monthly with a short lag, providing timely data on labor force dynamics.
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Citation
U.S. Federal Reserve, Annual (SMU09000003200000006A), retrieved from FRED.