Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Turkiye
Growth rate previous period, Annual, Not Seasonally Adjusted
LFACTTTTTRA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.81
Year-over-Year Change
21.22%
Date Range
1/1/2006 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of the annual, not seasonally adjusted labor force participation rate. It provides insights into long-term changes in the size and composition of the U.S. labor force.
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 growth rate previous period, annual, not seasonally adjusted labor force participation rate tracks the yearly change in the proportion of the civilian non-institutional population that is employed or actively seeking work. This metric is a key indicator of labor market dynamics and trends in labor force attachment.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This trend is closely monitored by policymakers, economists, and analysts to assess the health and trajectory of the U.S. labor market.
Key Facts
- The labor force participation rate has declined from over 67% in 2000 to under 62% in recent years.
- Women's labor force participation rate peaked in the late 1990s and has trended lower since then.
- Demographic shifts, such as population aging, have contributed to the overall decline in labor force participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the annual, not seasonally adjusted labor force participation rate in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the size and composition of the U.S. labor force, providing insights into long-term changes that are important for economic policymaking and analysis.
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: Policymakers, economists, and analysts closely monitor this trend to assess the health and trajectory of the U.S. labor market, which is a critical factor in economic growth and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on labor force participation trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFACTTTTTRA657N), retrieved from FRED.