Employed Persons in Nebraska
Annual, Not Seasonally Adjusted
LAUST310000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,039,867.00
Year-over-Year Change
6.41%
Date Range
1/1/1976 - 1/1/2024
Summary
This annual, not seasonally adjusted economic indicator measures the total civilian labor force participation rate in the United States. It is a key metric for understanding the size and composition of the U.S. workforce.
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 aged 16 and over that is working or actively seeking work. It is a fundamental measure of labor market engagement and a leading indicator of economic conditions.
Methodology
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.
Historical Context
The labor force participation rate is closely monitored by policymakers, economists, and market analysts to assess the health and utilization of the U.S. labor market.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates are lower for older workers and women compared to younger workers and men.
- The COVID-19 pandemic caused a sharp decline in the labor force participation rate in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of the civilian noninstitutional population aged 16 and over that is working 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 the health and utilization of the U.S. labor market, providing insights into workforce dynamics and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey 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, economists, and market analysts closely monitor the labor force participation rate to assess the strength of the labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST310000000000005A), retrieved from FRED.