Civilian Labor Force for Alabama
CIVLFAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,328,100.00
Year-over-Year Change
5.13%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Alabama measures the total number of people in Alabama's civilian labor force, including both employed and unemployed individuals. This metric is crucial for economists and policymakers to understand the state's overall workforce participation and employment trends.
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 for Alabama represents the total number of people in the state who are employed or actively seeking employment, excluding members of the armed forces. This data is used to analyze the health and dynamics of Alabama's labor market and inform policy decisions related to employment, economic development, and workforce development.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this trend to assess the strength of Alabama's economy and make informed decisions regarding workforce development programs, economic incentives, and labor market policies.
Key Facts
- Alabama's civilian labor force totaled over 2.2 million people as of the latest data.
- The labor force participation rate in Alabama was 57.3% in the most recent period.
- Alabama's civilian labor force has grown by approximately 1% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force for Alabama measures the total number of people in the state who are employed or actively seeking employment, excluding members of the armed forces.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the health and dynamics of Alabama's labor market, which informs policy decisions related to employment, economic development, and workforce development.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of Alabama's economy and make informed decisions regarding workforce development programs, economic incentives, and labor market policies.
Q: Are there update delays or limitations?
A: The Civilian Labor Force for Alabama data is published on a monthly basis, with a typical release delay of a few weeks.
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Citation
U.S. Federal Reserve, Civilian Labor Force for Alabama (CIVLFAL), retrieved from FRED.