Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for G7
Persons
G7LFACTTTTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
400,420,200.00
Year-over-Year Change
3.76%
Date Range
1/1/2003 - 1/1/2025
Summary
This series measures the total number of persons employed in the United States. It is a key economic indicator used by policymakers and analysts to assess the health of the 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 Persons series tracks the total number of employed individuals in the U.S. economy, regardless of industry or occupation. It is a broad measure of labor force participation and a leading indicator of economic growth and consumer demand.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Persons trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The Persons series reached an all-time high of 158.8 million in February 2020.
- Employment levels dropped sharply during the COVID-19 pandemic but have since recovered.
- The Persons trend is considered a leading indicator of the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Persons series measures the total number of employed individuals in the United States across all industries and occupations.
Q: Why is this trend relevant for users or analysts?
A: The Persons trend is a key indicator of the health of the labor market and the broader economy. It is closely watched by policymakers, economists, and investors to assess economic conditions and inform decision-making.
Q: How is this data collected or calculated?
A: The data for the Persons series 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 Persons trend is used by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions, as it provides insight into the overall strength of the labor market and the broader economy.
Q: Are there update delays or limitations?
A: The Persons data is released monthly with a relatively short delay, allowing for timely analysis of labor market trends. However, the data may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Persons (G7LFACTTTTSTSAQ), retrieved from FRED.