Labor Force Participation Rate for Florida
LBSSA12 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.80
Year-over-Year Change
-1.37%
Date Range
1/1/1976 - 6/1/2025
Summary
The Labor Force Participation Rate for Florida measures the percentage of the civilian noninstitutional population in Florida that is either employed or actively seeking work. This metric is a key indicator of the strength and dynamism of the state's labor market.
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 share of the working-age population that is employed or actively looking for work. It is a crucial economic indicator used by policymakers, economists, and analysts to assess the health and trajectory of the labor market in Florida.
Methodology
The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Historical Context
Changes in the labor force participation rate can inform policy decisions and economic forecasts at the state level.
Key Facts
- Florida's labor force participation rate was 59.4% as of the latest data.
- The rate has declined from a peak of 61.8% in 2000.
- Participation varies by age, gender, and other demographic factors in Florida.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate for Florida 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: The labor force participation rate is a key indicator of the health and dynamism of the state's labor market, providing insights into workforce participation and economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Changes in the labor force participation rate can inform policy decisions and economic forecasts at the state level, helping policymakers and analysts assess the strength of the Florida labor market.
Q: Are there update delays or limitations?
A: The labor force participation rate data for Florida is released monthly with a short delay, and may be subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, Labor Force Participation Rate for Florida (LBSSA12), retrieved from FRED.