Annual, Not Seasonally Adjusted
LFAC24FEG7A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,223,000.00
Year-over-Year Change
-6.78%
Date Range
1/1/2005 - 1/1/2016
Summary
This series measures the annual, not seasonally adjusted labor force participation rate for the 24-54 age group in the United States. It provides insight into long-term trends in prime-age workforce engagement.
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 percentage of the civilian non-institutional population aged 24-54 that is either employed or actively seeking work. This metric is closely watched by economists and policymakers as an indicator of labor market health and economic opportunity.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
The prime-age labor force participation rate is a key input for economic analysis and policy decisions related to employment, productivity, and the overall state of the labor market.
Key Facts
- The prime-age labor force participation rate has declined from a peak of 84.1% in 2000 to 82.2% in 2022.
- Women's participation in the prime-age labor force has increased significantly over the past several decades.
- Trends in prime-age labor force participation are closely tied to economic growth, employment, and productivity.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted labor force participation rate for the 24-54 age group in the United States.
Q: Why is this trend relevant for users or analysts?
A: The prime-age labor force participation rate is a key indicator of labor market health and economic opportunity that is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: The prime-age labor force participation rate is a crucial input for economic analysis and policy decisions related to employment, productivity, and the overall state of the labor market.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics with a typical lag of one month.
Related Trends
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Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for G7
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 15 to 24 Years for G7
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Balance of Payments: Portfolio Investment: Liabilities (or Net Incurrence of Liabilities) for G7
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC24FEG7A647S), retrieved from FRED.