Labor Force Participation Rate for Pennsylvania
LBSSA42 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.50
Year-over-Year Change
-1.13%
Date Range
1/1/1976 - 6/1/2025
Summary
The Labor Force Participation Rate for Pennsylvania measures the percentage of the civilian non-institutional population aged 16 and over that is working or actively seeking employment. This metric is a key indicator of the strength and utilization of the state's workforce.
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 portion of an economy's labor force. It reports the number of people available for work as a percentage of the total working-age population. This data point is widely used by economists and policymakers to assess labor market conditions and potential growth.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The Labor Force Participation Rate helps inform economic and workforce development policies at the state level.
Key Facts
- The Pennsylvania labor force participation rate was 61.7% as of the latest data.
- The rate has declined from a high of 63.7% in 2000.
- Pennsylvania's participation rate is slightly below the national average.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate for Pennsylvania 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 insight into the strength and utilization of Pennsylvania's labor force, which is a key factor in the state's economic performance and growth potential.
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 helps inform workforce development, education, and other economic policies at the state level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of about a month.
Related Trends
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Citation
U.S. Federal Reserve, Labor Force Participation Rate for Pennsylvania (LBSSA42), retrieved from FRED.