Civilian Labor Force for Tennessee
CIVLFTN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,411,100.00
Year-over-Year Change
2.72%
Date Range
10/1/2003 - 7/1/2024
Summary
The Civilian Labor Force for Tennessee 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 health and size of the state's workforce.
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 Tennessee represents the total civilian labor force within the state, including both employed and unemployed individuals actively seeking work. This metric is widely used by economists and policymakers to assess the overall strength and utilization of Tennessee's workforce.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in the Tennessee civilian labor force can inform state and local economic policies, as well as business and investment decisions.
Key Facts
- Tennessee's civilian labor force totaled over 3.3 million in 2022.
- The labor force participation rate in Tennessee was 60.7% as of January 2023.
- Tennessee's civilian labor force has grown by over 7% since 2018.
FAQs
Q: What does the Civilian Labor Force for Tennessee measure?
A: The Civilian Labor Force for Tennessee measures the total number of people aged 16 and older who are employed or actively seeking work in the state.
Q: Why is the Tennessee civilian labor force trend relevant for users or analysts?
A: The Tennessee civilian labor force trend is a key indicator of the overall strength and utilization of the state's workforce, which is crucial for assessing economic conditions and informing policy decisions.
Q: How is the Civilian Labor Force for Tennessee data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is the Tennessee civilian labor force trend used in economic policy?
A: Changes in the Tennessee civilian labor force can inform state and local economic policies, as well as business and investment decisions.
Q: Are there any update delays or limitations for the Civilian Labor Force for Tennessee data?
A: The Civilian Labor Force for Tennessee data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of about one month.
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Citation
U.S. Federal Reserve, Civilian Labor Force for Tennessee (CIVLFTN), retrieved from FRED.