Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Sweden
Annual, Not Seasonally Adjusted
LFAC74TTSEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,721,675.00
Year-over-Year Change
13.70%
Date Range
1/1/2001 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted civilian labor force participation rate for the U.S. It is a key indicator of labor market conditions and economic activity.
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 represents the share of the civilian noninstitutional population that is employed or actively seeking work. This metric is closely monitored by economists and policymakers to assess the health and utilization of the U.S. labor force.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate provides context for unemployment figures and helps inform economic and monetary policy decisions.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates tend to decline during economic recessions.
- Demographic changes like aging population affect long-term participation trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted civilian labor force participation rate in the United States. It represents the share of the working-age population that is 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 U.S. labor market. It provides important context for interpreting unemployment figures and helps inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household 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 economists and policymakers to assess labor market conditions and overall economic activity. It helps inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The labor force participation data is published monthly with a short lag. There may be limitations due to survey sampling and seasonal adjustments.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFAC74TTSEA647N), retrieved from FRED.