Civilian Labor Force in Utah
LAUST490000000000006A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,832,933.00
Year-over-Year Change
35.37%
Date Range
1/1/1976 - 1/1/2024
Summary
The Civilian Labor Force in Utah measures the total number of employed and unemployed individuals in the state's workforce. This metric is a key indicator of economic health 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 represents the total number of working-age individuals who are either employed or actively seeking work in the state of Utah. It is a foundational economic indicator used by policymakers and analysts to assess the strength and dynamics of the state's labor market.
Methodology
The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in the Civilian Labor Force can influence a range of economic policies and business decisions.
Key Facts
- Utah's Civilian Labor Force was over 1.6 million as of the latest data.
- The labor force participation rate in Utah is consistently higher than the national average.
- Changes in the Civilian Labor Force can impact wages, consumer spending, and business investment.
FAQs
Q: What does this economic trend measure?
A: The Civilian Labor Force in Utah measures the total number of working-age individuals who are either employed or actively seeking work in the state.
Q: Why is this trend relevant for users or analysts?
A: The Civilian Labor Force is a key indicator of the strength and dynamics of Utah's labor market, providing important insights for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Changes in the Civilian Labor Force can influence a range of economic policies and business decisions related to employment, wages, and overall economic conditions in Utah.
Q: Are there update delays or limitations?
A: The Civilian Labor Force data is reported on a monthly basis, with some potential for short delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Civilian Labor Force in Utah (LAUST490000000000006A), retrieved from FRED.