Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Luxembourg
Annual, Seasonally Adjusted
LFAC64TTLUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
342,150.00
Year-over-Year Change
38.82%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' series measures the total labor force in the United States. This key economic indicator provides insight into the size and composition of the 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
This data series represents the total number of people aged 16 and older who are employed or actively seeking work in the United States. It is a widely-used measure of the overall size and strength of the American labor market.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and analysts closely monitor labor force trends to assess the health of the economy and guide employment-related policies.
Key Facts
- The U.S. labor force totaled over 164 million people in 2022.
- The labor force participation rate was 62.2% as of December 2022.
- Women make up approximately 47% of the total U.S. labor force.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' series measures the total number of people aged 16 and older who are employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data is a key indicator of the overall size and strength of the American labor market, providing crucial insights for policymakers, businesses, and economic analysts.
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 analysts closely monitor labor force trends to assess the health of the economy and guide employment-related policies, such as workforce development initiatives and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC64TTLUA647S), retrieved from FRED.