Labor Force Participation Rate for Montana
LBSSA30 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.10
Year-over-Year Change
-2.05%
Date Range
1/1/1976 - 6/1/2025
Summary
The Labor Force Participation Rate for Montana measures the percentage of the state's working-age population that is employed or actively seeking work. This metric provides insights into the strength and utilization of Montana'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 is an important economic indicator that reflects the active portion of an economy's labor supply. It is widely used by policymakers, economists, and analysts to assess labor market dynamics and make informed decisions.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Labor Force Participation Rate is a key input for evaluating employment trends, economic growth, and policy effectiveness.
Key Facts
- Montana's labor force participation rate was 61.2% in 2022.
- The rate has declined from a peak of 67.3% in 2000.
- Montana's participation rate is lower than the national average.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate for Montana measures the percentage 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: This metric provides insights into the strength and utilization of Montana's labor market, which is crucial for policymakers, economists, and analysts to assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Labor Force Participation Rate is a key input for evaluating employment trends, economic growth, and the effectiveness of policy decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly and may be subject to revisions as more information becomes available.
Related Trends
Average Weekly Hours of All Employees: Leisure and Hospitality in Montana
SMU30000007000000002
People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Montana
GCT1503MT
Average Weekly Hours of All Employees: Construction in Montana
SMU30000002000000002
Number of Identified Exporters to Netherlands from Montana
MTNLDA475SCEN
State Government Tax Collections, Total Income Taxes in Montana
MTTLINCTAX
All Employees: Mining and Logging: Mining (Except Oil and Gas) in Montana
SMU30000001021200001SA
Citation
U.S. Federal Reserve, Labor Force Participation Rate for Montana (LBSSA30), retrieved from FRED.