Active Population: Aged 15-74: Males for the European Union
Quarterly, Seasonally Adjusted
LFAC74MAEUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133,412,801.62
Year-over-Year Change
0.99%
Date Range
1/1/2005 - 10/1/2019
Summary
This economic trend measures the quarterly, seasonally adjusted U.S. labor force participation rate, which is a key indicator of the health and utilization of the American 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 labor force participation rate represents the percentage of the civilian noninstitutional population that is either employed or actively seeking work. It is a crucial metric for understanding labor market dynamics and evaluating the strength of the economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this indicator to assess the overall state of the labor market and inform economic and workforce development strategies.
Key Facts
- The labor force participation rate reached a high of 67.3% in 2000.
- During the Great Recession, the participation rate fell from 66% to 62.4%.
- The current labor force participation rate is around 62.2%.
FAQs
Q: What does this economic trend measure?
A: The quarterly, seasonally adjusted U.S. labor force participation rate measures the percentage of the civilian noninstitutional population 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 health and utilization of the American workforce, providing valuable insights into the overall state of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the labor force participation rate to assess the overall state of the labor market and inform economic and workforce development strategies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published on a quarterly basis with a short delay, providing timely information on labor market dynamics.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFAC74MAEUQ647S), retrieved from FRED.