Employed Persons in Hawaii
Annual, Not Seasonally Adjusted
LAUST150000000000005A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
660,079.00
Year-over-Year Change
6.51%
Date Range
1/1/1976 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the year-over-year change in the U.S. civilian labor force participation rate. This key economic indicator provides insights into labor market dynamics and workforce participation trends.
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 participation rate represents the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. Economists and policymakers closely monitor this metric to assess the health and utilization of the U.S. labor force.
Methodology
This data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The labor force participation rate is a critical input for economic analysis and policy decisions related to employment, wages, and workforce development.
Key Facts
- The U.S. labor force participation rate was 62.2% as of 2022.
- Participation rates vary by age, gender, and other demographic factors.
- Long-term decline in participation is a key economic concern.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the year-over-year change in the U.S. civilian labor force participation rate.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a critical metric for understanding the health and utilization of the U.S. workforce, which is essential for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a key input for policymakers and economists analyzing employment, wages, and workforce development trends.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is published with a lag, so there may be delays in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST150000000000005A), retrieved from FRED.