Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Czechia
Annual, Seasonally Adjusted
LFAC74TTCZA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,309,775.00
Year-over-Year Change
1.12%
Date Range
1/1/1998 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted civilian labor force participation rate in the United States. The labor force participation rate is a key economic indicator that reflects the share of the working-age population that is employed or actively seeking work.
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 civilian labor force participation rate tracks the percentage of the civilian, non-institutional population aged 16 and older that is either employed or unemployed but actively seeking work. It is an important metric for understanding labor market dynamics and labor supply.
Methodology
The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is closely monitored by policymakers and analysts for insights into the strength of the labor market and overall economic conditions.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates are generally lower for women than men.
- Aging demographics contribute to a long-term decline in U.S. labor force participation.
FAQs
Q: What does this economic trend measure?
A: This series measures the percentage of the civilian, non-institutional 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 of the labor market and overall economic conditions. It provides insights into the available labor supply and workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by policymakers and analysts to gauge the health of the labor market and broader economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of a few weeks. There are no significant known limitations to the data collection or reporting.
Related Trends
Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Czechia
LRUN25TTCZQ156S
Harmonized Index of Consumer Prices: Pharmaceutical Products for Czech Republic
CP0611CZM086NEST
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Czechia
LRHU24MACZM156S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Czechia
LRHUADTTCZM156S
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Czech Republic
LFHUADMACZM647S
Value of Exports to Czech Republic from Kentucky
KYCZEA052SCEN
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC74TTCZA647S), retrieved from FRED.