Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Estonia
Annual, Seasonally Adjusted
LFAC64TTEEA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
709,825.00
Year-over-Year Change
6.58%
Date Range
1/1/2000 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted employment-to-population ratio for the civilian labor force in the United States. It is a key indicator of the strength and utilization of the US workforce.
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 employment-to-population ratio tracks the percentage of the civilian non-institutional population that is employed. It provides insight into labor market dynamics and is used by economists and policymakers to assess the health and utilization of the US workforce.
Methodology
The data is collected through the Current Population Survey conducted by the US Census Bureau.
Historical Context
The employment-to-population ratio is a closely watched economic indicator that informs monetary and fiscal policy decisions.
Key Facts
- The ratio reached a high of 63.4% in 2000.
- It fell to 58.5% during the Great Recession.
- As of 2022, the ratio stands at 60.1%.
FAQs
Q: What does this economic trend measure?
A: This series measures the percentage of the civilian non-institutional population in the United States that is employed.
Q: Why is this trend relevant for users or analysts?
A: The employment-to-population ratio is a key indicator of labor market health and workforce utilization, providing insight into the strength of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the US Census Bureau.
Q: How is this trend used in economic policy?
A: The employment-to-population ratio informs monetary and fiscal policy decisions by providing a broad measure of labor market conditions and economic activity.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC64TTEEA647S), retrieved from FRED.