Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Czechia
Persons, Annual, Not Seasonally Adjusted
LFACTTTTCZA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,331,175.00
Year-over-Year Change
1.41%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual number of persons employed in the United States. It provides valuable insights into the overall state of the labor market and workforce participation.
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' series represents the total count of employed individuals in the U.S. on an annual basis, without adjusting for seasonal variations. This data is a key indicator used by economists and policymakers to assess the health and growth of the national economy.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Key Facts
- The annual number of employed persons in the U.S. reached a record high of 157.5 million in 2019.
- The COVID-19 pandemic led to a significant decline in employment, with the number of employed persons dropping to 148.8 million in 2020.
- The employment-to-population ratio, a measure of workforce participation, was 58.8% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons employed in the United States on an annual basis, providing insights into the overall labor market and workforce participation.
Q: Why is this trend relevant for users or analysts?
A: The annual employment trend is a key indicator used by economists, policymakers, and market analysts to assess the health and growth of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment trend is closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions, such as interest rate adjustments and stimulus measures.
Q: Are there update delays or limitations?
A: The annual employment data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Persons, Annual, Not Seasonally Adjusted (LFACTTTTCZA647N), retrieved from FRED.