Civilian Labor Force in Pennsylvania
Annual, Not Seasonally Adjusted
LAUST420000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,576,760.00
Year-over-Year Change
1.75%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the U.S. civilian labor force participation rate. This key economic indicator helps policymakers and analysts assess labor market 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 civilian labor force participation rate tracks the percentage of the civilian non-institutional population age 16 and over that is working or actively seeking work. It is a fundamental measure of labor market activity and economic health.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Policymakers and economists closely monitor the labor force participation rate to understand broader employment conditions and workforce trends.
Key Facts
- The labor force participation rate hit a high of 67.3% in 2000.
- Participation rates have declined since the 2008 financial crisis.
- Low participation can signal labor market slack or discouraged workers.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of the U.S. civilian non-institutional population age 16 and over that is either 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 labor market conditions and economic health. It helps policymakers and analysts assess workforce dynamics and employment trends.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the labor force participation rate to understand broader employment conditions and workforce trends, which informs economic and labor market policies.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' data is published annually with a slight delay, as it requires aggregating monthly survey results.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAUST420000000000006A), retrieved from FRED.