Employed Persons in Colorado
Annual, Not Seasonally Adjusted
LAUST080000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,128,165.00
Year-over-Year Change
23.56%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total labor force participation rate in the United States. This key economic indicator provides insights into the overall size and strength of the U.S. 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 labor force participation rate tracks the percentage of the civilian noninstitutional population aged 16 and over that is employed or actively seeking work. This metric is widely used by economists and policymakers to assess the health and dynamics of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a crucial input for analysis of employment, economic growth, and monetary policy.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2021.
- The participation rate peaked at 67.3% in 2000.
- Declining participation is a long-term trend driven by demographic shifts and other economic factors.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the percentage of the civilian noninstitutional population aged 16 and over 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 dynamics of the U.S. labor market, providing insights into employment, economic growth, and policy decisions.
Q: How is this data collected or calculated?
A: The 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: The labor force participation rate is a crucial input for analysis of employment, economic growth, and monetary policy by economists, policymakers, and market analysts.
Q: Are there update delays or limitations?
A: The labor force participation data is published monthly with a relatively short delay, providing timely information on the U.S. labor market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST080000000000005A), retrieved from FRED.