Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Canada
Annual, Seasonally Adjusted
LFEAMNTTCAA647S • 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 series measures the total civilian labor force participation rate for the United States on an annual, seasonally adjusted basis. It is a key indicator of the size and activity 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 percentage of the civilian non-institutional population age 16 and over that is either employed or actively seeking employment. It is a widely-watched metric that provides insight into labor market dynamics and economic conditions.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau for the Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor the labor force participation rate to assess the strength of the labor market and overall economic health.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates are lower for older workers and those with disabilities.
- The labor force participation rate peaked at 67.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: This series measures the percentage of the civilian non-institutional population age 16 and over 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 strength and size of the U.S. labor market, providing insights into economic conditions and labor market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau for the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the labor force participation rate to assess the overall health of the labor market and broader economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEAMNTTCAA647S), retrieved from FRED.