Civilian Labor Force in North Carolina
Annual, Not Seasonally Adjusted
LAUST370000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,284,620.00
Year-over-Year Change
12.44%
Date Range
1/1/1976 - 1/1/2024
Summary
This annual, not seasonally adjusted series tracks the civilian labor force participation rate in the United States. This key economic indicator provides insights into the supply of available workers in the 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 civilian labor force participation rate measures the proportion of the civilian, non-institutional population that is actively employed or seeking employment. Economists and policymakers monitor this metric to understand workforce dynamics and potential labor supply.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
The labor force participation rate is used 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 women than men.
- Older workers have lower participation rates than younger workers.
FAQs
Q: What does this economic trend measure?
A: This series tracks the civilian labor force participation rate, which is the proportion of the civilian, non-institutional population that is either employed or actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate provides important insights into the supply of available workers in the U.S. labor market, which is a key consideration for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used by policymakers and analysts to assess the health and utilization of the U.S. labor market, which informs decisions on employment, workforce development, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published annually and may have a delay of several months from the end of the reference period.
Related Trends
Gross Domestic Product: Management of Companies and Enterprises (55) in North Carolina
NCMNGCOENTPRNQGSP
Gross Domestic Product: Utilities (22) in North Carolina
NCUTILNGSP
All Employees: Manufacturing: Durable Goods: Wood Product Manufacturing in North Carolina
SMU37000003132100001SA
Monthly State Retail Sales: Gasoline Stations in North Carolina
MSRSNC447
Home Vacancy Rate for North Carolina
NCHVAC
All Employees: Warehousing and Storage in North Carolina
SMU37000004349300001A
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST370000000000006A), retrieved from FRED.