Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Except Construction): Total for Finland
Annual, Not Seasonally Adjusted
LFEAINTTFIA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
370,800.00
Year-over-Year Change
-4.46%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate in the United States. It provides important insights into the overall 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 labor force participation rate represents the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. This metric is widely used by economists and policymakers to assess the health and utilization of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly survey of households conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a key indicator monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. labor force participation rate was 62.4% in 2022.
- The participation rate has declined from a peak of 67.3% in 2000.
- Demographic shifts, such as an aging population, have contributed to the downward trend.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate in the United States, which represents the percentage of the civilian population aged 16 and over that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial 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 and policymakers to inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly survey of households conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a key indicator monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions, as it provides insights into the overall strength and utilization of the U.S. labor market.
Q: Are there update delays or limitations?
A: The labor force participation rate data is updated monthly and published with minimal delays, providing timely insights into the U.S. labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEAINTTFIA647N), retrieved from FRED.