Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Australia
Persons, Annual, Seasonally Adjusted
LFACTTTTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,947,580.00
Year-over-Year Change
24.81%
Date Range
1/1/1964 - 1/1/2024
Summary
The 'Persons, Annual, Seasonally Adjusted' trend measures the total civilian labor force in the United States. This key economic indicator provides insight into the size and composition of the active 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
This annual, seasonally adjusted data series represents the total number of people aged 16 and older who are either employed or actively seeking work in the United States. It is a widely followed metric used to assess the overall health and participation levels of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The civilian labor force trend is closely monitored by policymakers, economists, and investors to gauge economic conditions and inform policy decisions.
Key Facts
- The U.S. civilian labor force totaled over 164 million people in 2021.
- Labor force participation rate was 61.6% in 2021, down from 63.3% in 2019.
- The services sector accounts for the largest share of U.S. civilian employment.
FAQs
Q: What does this economic trend measure?
A: The 'Persons, Annual, Seasonally Adjusted' series measures the total number of civilians aged 16 and older who are either employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: This labor force metric is a key indicator of the overall health and participation levels in the U.S. economy, providing important insights for policymakers, economists, and investors.
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 civilian labor force trend is closely monitored by policymakers to assess economic conditions and inform decisions around employment, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may be subject to minor revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFACTTTTAUA647S), retrieved from FRED.