Monthly, Not Seasonally Adjusted
SMU31000004245400001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-2.44%
Date Range
1/1/2005 - 12/1/2022
Summary
This economic trend measures the total civilian labor force in the U.S. It is a key indicator of the size and health of the overall 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
The monthly, not seasonally adjusted civilian labor force represents the total number of people employed or actively seeking work in the United States. It is a foundational statistic used by economists and policymakers to analyze 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.
Historical Context
This labor force metric helps inform economic and employment policies.
Key Facts
- The U.S. civilian labor force exceeds 160 million people.
- The labor force participation rate is around 62%.
- Labor force data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of civilians in the U.S. who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The civilian labor force is a foundational economic indicator used to assess the overall health and dynamics of the U.S. labor market.
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.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the civilian labor force to inform employment, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The labor force data is released monthly with minimal delays, providing timely insights into the U.S. labor market.
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Citation
U.S. Federal Reserve, Civilian Labor Force (SMU31000004245400001), retrieved from FRED.