Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Australia
Annual, Seasonally Adjusted
LFAC55TTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,130,761.00
Year-over-Year Change
29.24%
Date Range
1/1/1979 - 1/1/2024
Summary
This series measures the U.S. civilian labor force participation rate on an annual, seasonally adjusted basis. The labor force participation rate is a key economic indicator that reflects the active working population.
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 noninstitutional population aged 16 and older that is working or actively seeking work. It is a widely tracked metric for assessing the strength and utilization of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor labor force participation to gauge economic conditions and employment trends.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2021.
- Participation rates are lower for older workers and women.
- The rate declined sharply during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This series measures the percentage of the civilian noninstitutional population aged 16 and older that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the strength and utilization of the U.S. labor market, providing insight into workforce dynamics and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor force participation to assess the overall health of the economy and inform policy decisions related to employment, wages, and workforce development.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted labor force participation rate data is published with a slight delay, typically a few months after the end of the reference year.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Male: 15 Years or over for Australia
LFWATTMAAUA647N
Producer Prices Index: Economic Activities: Manufacturing: Total for Australia
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Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Australia
CCUSSP01AUM650N
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 64 Years for Australia
LFAC64FEAUQ647S
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Australia
LFIN64TTAUQ647S
Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Australia
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC55TTAUA647S), retrieved from FRED.