Civilian Labor Force in Midwest Census Region
LAURD920000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,719,946.00
Year-over-Year Change
4.38%
Date Range
1/1/1976 - 1/1/2024
Summary
The Civilian Labor Force in the Midwest Census Region measures the total number of people 16 years and older who are employed or actively seeking work in this geographic area. This statistic is a key indicator of regional economic activity and labor market conditions.
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 is a measure of the total number of people in a given region who are either employed or unemployed but actively seeking work. The Midwest region includes 12 states and is a major center of manufacturing, agriculture, and other industries, making this a useful indicator for analyzing regional economic trends.
Methodology
This data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor the Civilian Labor Force to understand labor market dynamics and inform policy decisions.
Key Facts
- The Midwest region includes 12 states: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
- The Civilian Labor Force in the Midwest is over 31 million people as of the latest data.
- The labor force participation rate in the Midwest is typically higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force in the Midwest Census Region measures the total number of people 16 years and older who are either employed or actively seeking work in this geographic area.
Q: Why is this trend relevant for users or analysts?
A: This statistic is a key indicator of regional economic activity and labor market conditions in the Midwest, which is a major center of manufacturing, agriculture, and other industries.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Civilian Labor Force to understand labor market dynamics and inform policy decisions.
Q: Are there update delays or limitations?
A: The Civilian Labor Force data is published monthly with a typical 1-2 month delay.
Related Trends
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Consumer Unit Characteristics: Percent White, Asian, and All Other Races, Not Including African American by Region: Residence in the Midwest Census Region
CXUWHTNDOTHLB1103M
Expenditures: Vehicle Finance Charges by Region: Residence in the Midwest Census Region
CXUVEHFINCHLB1103M
New Privately-Owned Housing Units Completed: Total Units in the Midwest Census Region
COMPUMWTSA
Expenditures: Owned Dwellings by Region: Residence in the Midwest Census Region
CXUOWNDWELLLB1103M
Hires: Total Nonfarm in Midwest Census Region
JTS00MWHIL
Citation
U.S. Federal Reserve, Civilian Labor Force in Midwest Census Region (LAURD920000000000006A), retrieved from FRED.