Labor Force Participation Rate for Washington
LBSNSA53 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.10
Year-over-Year Change
-2.66%
Date Range
1/1/1976 - 7/1/2025
Summary
The Labor Force Participation Rate for Washington measures the percentage of the Washington state civilian non-institutional population that is employed or actively seeking work. It is a key indicator of economic 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 Labor Force Participation Rate represents the active civilian labor force as a percentage of the total civilian non-institutional population. This metric provides insight into the supply of available workers and participation in the economy.
Methodology
The data is collected through the Current Population Survey by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength of the labor market and overall economic conditions.
Key Facts
- Washington's labor force participation rate was 64.1% as of the latest data.
- The state's participation rate has declined from a high of 67.5% in the early 2000s.
- Participation rates tend to be higher in Washington compared to the national average.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate for Washington measures the percentage of the state's civilian non-institutional population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength of the labor market and overall economic conditions in Washington state.
Q: How is this data collected or calculated?
A: The 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: Policymakers and economists closely monitor this trend to assess the supply of available workers and participation in the Washington state economy.
Q: Are there update delays or limitations?
A: The Labor Force Participation Rate data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate for Washington (LBSNSA53), retrieved from FRED.