Employment by Economic Activity: Industry Excluding Construction: All Persons for the European Union
Annual, Not Seasonally Adjusted
LFEAINTTEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,759,950.00
Year-over-Year Change
-6.39%
Date Range
1/1/2003 - 1/1/2019
Summary
This economic trend measures the annual average of the labor force participation rate for the United States. The labor force participation rate is a key indicator of the overall health and utilization of the U.S. labor market.
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 proportion of the civilian, non-institutional population that is either employed or actively seeking employment. It is a widely-tracked metric that provides insight into the size and dynamics of the U.S. workforce.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor the labor force participation rate to assess the strength of the U.S. economy and guide decisions on fiscal and monetary policy.
Key Facts
- The labor force participation rate has declined from a high of 67.3% in 2000 to 62.4% in 2022.
- Women have a lower labor force participation rate than men, at 56.8% vs. 68.1% in 2022.
- The aging of the U.S. population is a key driver of the overall decline in labor force participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average of the labor force participation rate, which represents the proportion of the civilian, non-institutional population that is either employed or actively seeking employment.
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 utilization of the U.S. labor market, providing insight into the size and dynamics of the workforce. It is closely monitored by policymakers and economists to assess the strength of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the labor force participation rate to guide decisions on fiscal and monetary policy, as it provides important insights into the overall strength and utilization of the U.S. workforce.
Q: Are there update delays or limitations?
A: The labor force participation rate data is updated monthly and annually, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEAINTTEUA647N), retrieved from FRED.