Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Australia
Annual, Seasonally Adjusted
LFAC25TTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,635,028.00
Year-over-Year Change
22.49%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total labor force participation rate for the U.S. adult population. This key economic indicator provides insights into labor market dynamics and workforce trends.
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 tracks the percentage of the civilian noninstitutional population aged 16 and older who are either employed or actively seeking work. It is a widely-used metric for evaluating the strength and composition of the U.S. labor market.
Methodology
The data is collected through the U.S. Census Bureau's monthly Current Population Survey.
Historical Context
Policymakers and economists closely monitor labor force participation to assess economic conditions and guide employment-related policies.
Key Facts
- The U.S. labor force participation rate was 62.2% as of 2022.
- Participation rates vary by age, gender, and education level.
- Labor force participation is a key input for calculating the unemployment rate.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the U.S. civilian noninstitutional population aged 16 and older who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the strength and composition of the U.S. labor market, providing insights into workforce trends that inform economic policy and business decision-making.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor force participation to assess economic conditions and guide employment-related policies, such as those affecting workforce development, unemployment benefits, and labor regulations.
Q: Are there update delays or limitations?
A: The labor force participation data is released monthly with a relatively short delay, providing timely insights into labor market trends. However, the data may be subject to revisions and can be influenced by factors such as demographic changes and economic cycles.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC25TTAUA647S), retrieved from FRED.