Gross Domestic Product: Educational Services (61) in Louisiana
Annual, Not Seasonally Adjusted
LAEDCATNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,299.50
Year-over-Year Change
51.74%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the labor force participation rate in the United States. This key labor market indicator is closely watched by economists and policymakers to gauge workforce trends and employment 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 labor force participation rate (LFPR) represents the share of the civilian, non-institutional population that is either employed or actively seeking work. It is a fundamental metric used to analyze the strength and composition of the U.S. labor market.
Methodology
The Bureau of Labor Statistics collects and publishes this data through the monthly Current Population Survey.
Historical Context
The LFPR is an important input for fiscal and monetary policy decisions aimed at promoting maximum employment and price stability.
Key Facts
- The LFPR reached a high of 67.3% in 2000.
- The LFPR declined from 66% in 2008 to 62.8% in 2015.
- The LFPR has remained below 63% since 2013.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the labor force participation rate, which is the percentage of the civilian, non-institutional population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and utilization of the U.S. labor market, and is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects this data through the monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: The LFPR is an important input for fiscal and monetary policy decisions aimed at promoting maximum employment and price stability.
Q: Are there update delays or limitations?
A: The LFPR data is published monthly with the latest employment situation report, with no significant update delays.
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Chain-Type Quantity Index for Real GDP: Federal Civilian in Louisiana
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Continued Claims (Insured Unemployment) in Louisiana
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Business Applications from Corporations for Louisiana
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAEDCATNGSP), retrieved from FRED.