Persons, Annual, Not Seasonally Adjusted
LFACTTMAO1A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
345,449,000.00
Year-over-Year Change
7.21%
Date Range
1/1/2005 - 1/1/2016
Summary
This annual data series measures the total number of persons employed or actively seeking employment in the U.S. labor force. It provides a comprehensive view of overall workforce participation trends.
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 'Persons, Annual, Not Seasonally Adjusted' metric tracks the total civilian labor force, including both employed and unemployed individuals. It is a key indicator used by economists and policymakers to understand the scale and dynamics of the U.S. workforce.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This labor force participation measure informs economic analysis and policy decisions related to employment, wages, and the overall health of the job market.
Key Facts
- The U.S. labor force totaled over 163 million persons in 2021.
- The civilian labor force participation rate was 61.6% in 2021.
- Labor force participation has declined since the 2000s due to demographic shifts.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total number of persons in the U.S. civilian labor force, including both employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The size and participation rate of the labor force is a key indicator of economic health and workforce dynamics, informing analysis and policy decisions related to employment, wages, and the overall job market.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor force participation to assess the scale and health of the workforce, which informs decisions related to employment, wages, and broader economic policy.
Q: Are there update delays or limitations?
A: The 'Persons, Annual, Not Seasonally Adjusted' data is published annually with a short delay, providing a comprehensive but lagging view of labor force participation trends.
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Citation
U.S. Federal Reserve, Persons, Annual, Not Seasonally Adjusted (LFACTTMAO1A647S), retrieved from FRED.