Quarterly, Seasonally Adjusted
LFAC24MAG7Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,201,000.00
Year-over-Year Change
0.50%
Date Range
1/1/2005 - 4/1/2017
Summary
This quarterly, seasonally adjusted economic indicator tracks the U.S. labor force participation rate for adults aged 24-54. It provides insights into workforce engagement and labor market dynamics.
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 measures the proportion of the working-age population that is employed or actively seeking employment. This key metric is closely monitored by economists and policymakers to assess the health and utilization of the national labor force.
Methodology
This data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a crucial input for evaluating economic and employment conditions.
Key Facts
- The U.S. labor force participation rate for adults aged 24-54 was 82.4% as of the latest quarter.
- Participation rates tend to decline during economic recessions as workers leave the labor force.
- Women's participation has increased significantly over past decades, though still lags men.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of the U.S. civilian non-institutional population aged 24-54 that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate provides insight into workforce engagement and labor market dynamics, which are crucial for evaluating economic conditions and guiding policy decisions.
Q: How is this data collected or calculated?
A: This data is collected through the Current Population Survey conducted monthly by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the labor force participation rate to assess the overall health and utilization of the national workforce, which informs economic and employment policies.
Q: Are there update delays or limitations?
A: This quarterly, seasonally adjusted series is published with a brief lag, reflecting the time required to collect and process the underlying survey data.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 55 to 64 Years for G7
G7LFIN55FESTQ
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Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for G7
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Infra-Annual Labor Statistics: Working-Age Population Total: From 25 to 54 Years for G7
G7LFWA25TTSTQ
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 24 Years for G7
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for G7
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC24MAG7Q647S), retrieved from FRED.