Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Turkiye
Quarterly, Not Seasonally Adjusted
LFEASETTTRQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,962,800.00
Year-over-Year Change
12.93%
Date Range
1/1/2006 - 10/1/2024
Summary
This economic trend measures the employment-to-population ratio for the total population in the United States on a quarterly, not seasonally adjusted basis. It provides insight into the overall health and utilization 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 employment-to-population ratio represents the proportion of the civilian noninstitutional population aged 16 and over that is employed. This metric is used by economists and policymakers to gauge the strength of the U.S. labor market and overall economic conditions.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. employment-to-population ratio reached a low of 54.4% in Q2 2020 due to the COVID-19 pandemic.
- The ratio has gradually recovered, reaching 59.5% in Q4 2022.
- The long-term average employment-to-population ratio is around 60%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of the civilian noninstitutional population aged 16 and over that is employed in the United States on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The employment-to-population ratio provides insight into the overall health and utilization of the U.S. labor force, which is a key indicator of economic conditions and a crucial input for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The employment-to-population ratio is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFEASETTTRQ647N), retrieved from FRED.