Labor Force Participation Rate for Arizona
LBSSA04 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.40
Year-over-Year Change
-0.16%
Date Range
1/1/1976 - 6/1/2025
Summary
The Labor Force Participation Rate for Arizona tracks the share of the state's working-age population that is employed or actively seeking work. This metric provides insights into the strength and availability of the state's labor supply.
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 is an important economic indicator that measures the active portion of an economy's labor force. It represents the ratio of the civilian labor force to the total civilian non-institutional population, and is used to assess the utilization of human capital resources.
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 closely monitored by policymakers, economists, and businesses to understand labor market dynamics and inform economic decisions.
Key Facts
- Arizona's labor force participation rate was 59.6% as of the latest data.
- The rate has declined from a peak of 64.3% in 2000.
- Labor force participation varies by demographic factors like age and gender.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate for Arizona measures the share of the state's working-age population that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate provides important insights into the strength and availability of Arizona's labor supply, which is crucial for economic analysis 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 closely monitored by policymakers, economists, and businesses to understand labor market dynamics and inform economic decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, allowing for timely analysis of labor market trends in Arizona.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate for Arizona (LBSSA04), retrieved from FRED.