Infra-Annual Labor Statistics: Unemployment Total: From 55 to 64 Years for G7
Not Seasonally Adjusted
G7LFUN55TTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,286,333.00
Year-over-Year Change
-5.97%
Date Range
4/1/2003 - 1/1/2025
Summary
The 'Not Seasonally Adjusted' series measures the total labor force in the United States. It is a key economic indicator used by policymakers and analysts to understand employment trends and labor market dynamics.
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 'Not Seasonally Adjusted' labor force data represents the total number of people employed or actively seeking work in the U.S. This unadjusted figure provides a raw measure of the labor market that is useful for analyzing underlying employment patterns.
Methodology
The U.S. Bureau of Labor Statistics collects this data through monthly household surveys.
Historical Context
Policymakers and economists closely monitor the labor force data to inform decisions on economic and workforce development policies.
Key Facts
- The U.S. labor force totaled over 164 million people in 2022.
- The labor force participation rate was 62.2% as of January 2023.
- Over 6 million Americans were unemployed as of the latest report.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' series measures the total number of people in the U.S. who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This raw, unadjusted labor force data provides important insights into underlying employment patterns and labor market dynamics that are crucial for economic policymaking and business analysis.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through monthly household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the labor force data to inform decisions on economic and workforce development policies.
Q: Are there update delays or limitations?
A: The labor force data is released monthly with a brief lag, and the unadjusted figures may be subject to greater volatility than seasonally adjusted measures.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (G7LFUN55TTSTQ), retrieved from FRED.