Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Slovak Republic
Quarterly, Not Seasonally Adjusted
LFAC64TTSKQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,690,500.00
Year-over-Year Change
-0.58%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the civilian labor force participation rate for the United States on a quarterly, not seasonally adjusted basis. It provides insights into the overall size and composition of the U.S. 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 represents the proportion of the civilian non-institutional population that is either employed or actively seeking employment. This metric is widely used by economists and policymakers to analyze labor market dynamics and gauge the utilization of the available workforce.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is a key indicator of economic health and is closely monitored by the Federal Reserve and other policymakers when making decisions that impact the broader economy.
Key Facts
- The U.S. labor force participation rate averaged around 63% in 2022.
- Participation rates are typically higher for men than women in the U.S.
- The participation rate declined during the COVID-19 pandemic but has been recovering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the civilian labor force participation rate in the United States on a quarterly, non-seasonally adjusted basis. It represents the proportion of the civilian 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 is a key indicator of the health and utilization of the U.S. labor market, providing insights into the overall size and composition of the workforce. It is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household 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: The labor force participation rate is a crucial input for the Federal Reserve and other policymakers when making decisions that impact the broader economy, as it reflects the overall utilization of the available workforce.
Q: Are there update delays or limitations?
A: The quarterly, non-seasonally adjusted labor force participation rate data is typically released with a lag of several weeks following the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFAC64TTSKQ647N), retrieved from FRED.