Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Sweden
Annual, Seasonally Adjusted
LFAC74TTSEA647S • 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, seasonally adjusted labor force participation rate for the United States. It is a key indicator of the overall health and size of the U.S. 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 aged 16 and older that is either employed or actively seeking work. This metric is widely used by economists and policymakers to assess labor market dynamics and evaluate the strength of the economy.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- The participation rate reached a peak of 67.3% in early 2000.
- Declining participation has been a long-term trend since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian noninstitutional 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 overall health and size of the U.S. workforce, providing insights into labor market dynamics that inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) 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 the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a typical release delay of about two weeks.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFAC74TTSEA647S), retrieved from FRED.