Civilian Labor Force for Arizona
CIVLFAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,761,500.00
Year-over-Year Change
3.21%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Arizona measures the total number of people aged 16 and older who are employed or actively seeking work in the state. It is a key indicator of the overall strength and health of Arizona'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 data provides a comprehensive view of the working-age population in Arizona, including both those who are employed and those who are unemployed but actively looking for jobs. Economists and policymakers use this metric to assess the state's economic performance and employment trends.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Civilian Labor Force for Arizona is closely watched by the Federal Reserve, state and local governments, and private sector analysts to inform economic and workforce policies.
Key Facts
- Arizona's civilian labor force totaled 3.5 million as of the latest data.
- The labor force participation rate in Arizona is 60.5%.
- The unemployment rate in Arizona is currently 4.2%.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force for Arizona measures the total number of people aged 16 and older who are either employed or actively seeking work in the state.
Q: Why is this trend relevant for users or analysts?
A: The civilian labor force is a key indicator of the overall strength and health of Arizona's labor market, providing important insights for economists, policymakers, and businesses.
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: The Civilian Labor Force for Arizona is closely monitored by the Federal Reserve, state and local governments, and private sector analysts to inform economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a short lag time. There are no major limitations to this economic indicator.
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Citation
U.S. Federal Reserve, Civilian Labor Force for Arizona (CIVLFAZ), retrieved from FRED.