Quarterly, Seasonally Adjusted
LFAC24TTG7Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,317,000.00
Year-over-Year Change
0.00%
Date Range
1/1/2005 - 4/1/2017
Summary
This quarterly, seasonally adjusted economic trend measures the total civilian labor force in the United States. It is a key indicator of the size and composition of the active workforce, providing insights into economic growth and employment conditions.
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 civilian labor force represents the total number of employed and unemployed individuals who are actively participating in the U.S. labor market. This data series is widely used by economists, policymakers, and analysts to assess the health and dynamics of the overall economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey, a monthly survey of households.
Historical Context
Policymakers and central banks monitor labor force trends to inform decisions on monetary and fiscal policies.
Key Facts
- The U.S. civilian labor force reached a record high of over 164 million in 2022.
- The labor force participation rate, which measures the active share of the population, was 62.4% as of 2022.
- The civilian labor force includes individuals aged 16 and older who are employed or actively seeking work.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of civilians in the United States who are employed or actively seeking employment, known as the civilian labor force.
Q: Why is this trend relevant for users or analysts?
A: The civilian labor force is a key indicator of the size and composition of the active workforce, providing insights into economic growth, employment conditions, and labor market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey of households.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor labor force trends to inform decisions on monetary and fiscal policies aimed at promoting economic growth and employment.
Q: Are there update delays or limitations?
A: The civilian labor force data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of a few weeks.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC24TTG7Q647S), retrieved from FRED.