Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Czechia
Persons, Annual, Seasonally Adjusted
LFACTTTTCZA647S • 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
The 'Persons, Annual, Seasonally Adjusted' trend measures the total number of employed and unemployed individuals in the civilian labor force. It is a key indicator of overall economic activity and a vital data point for policymakers and analysts.
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 labor force participation rate tracks the proportion of the civilian non-institutional population that is either employed or actively seeking work. It provides insight into the health and size of the U.S. workforce, which is crucial for understanding employment trends, economic growth, and the state of the job market.
Methodology
The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is widely used by the Federal Reserve, economists, and market analysts to gauge the strength of the U.S. economy and inform policy decisions.
Key Facts
- The labor force participation rate reached a peak of 67.3% in 2000.
- Participation has declined from 66% in 2008 to 62.4% in 2022.
- Demographic shifts, such as an aging population, have contributed to the downward trend.
FAQs
Q: What does this economic trend measure?
A: The 'Persons, Annual, Seasonally Adjusted' trend measures the total number of employed and unemployed individuals in the civilian labor force in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the overall health and size of the U.S. workforce, providing insights into employment trends, economic growth, and the state of the job market.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is widely used by the Federal Reserve, economists, and market analysts to gauge the strength of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is updated monthly and is subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFACTTTTCZA647S), retrieved from FRED.