Civilian Labor Force in Massachusetts
Annual, Not Seasonally Adjusted
LAUST250000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,901,567.00
Year-over-Year Change
10.98%
Date Range
1/1/1976 - 1/1/2024
Summary
This annual, not seasonally adjusted labor force trend measures the total civilian labor force participation rate in the United States. It provides insights into the overall size and engagement of the U.S. working-age population.
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. It is a key economic indicator used to assess the health and utilization of the nation's workforce.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey (CPS).
Historical Context
Policymakers and analysts monitor this metric to understand labor market dynamics and inform economic and employment policies.
Key Facts
- The labor force participation rate reached a high of 67.3% in 2000.
- The rate declined from 2000 to 2015 before stabilizing in recent years.
- Women's labor force participation has increased over time but remains lower than men's.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the U.S. civilian 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 health and utilization of the nation's workforce, which is crucial for economic and employment policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey (CPS).
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to understand labor market dynamics and inform economic and employment policies.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may not capture certain labor force dynamics due to its broad, national scope.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST250000000000006A), retrieved from FRED.