Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Canada
Annual, Not Seasonally Adjusted
LFEAMNTTCAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,848,767.00
Year-over-Year Change
4.42%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate in the United States. It provides insight into the size and composition of the U.S. labor force.
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 annual, not seasonally adjusted labor force participation rate tracks the percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work. This key labor market indicator is used by economists and policymakers to analyze workforce trends and inform economic policies.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
The labor force participation rate is a crucial metric for assessing the health and utilization of the U.S. labor market.
Key Facts
- The annual, not seasonally adjusted labor force participation rate was 62.1% in 2021.
- The participation rate has declined from its peak of 67.1% in 2000.
- Participation rates vary significantly by demographic factors such as age and gender.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate, which is the percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the health and utilization of the U.S. labor market, providing insights into workforce trends that are valuable for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by the Federal Reserve and other policymakers to assess the overall strength of the labor market and inform economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of a few weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEAMNTTCAA647N), retrieved from FRED.