Employment by Economic Activity: Manufacturing: All Persons for the European Union
Annual, Not Seasonally Adjusted
LFEAMNTTEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,544,875.00
Year-over-Year Change
-10.11%
Date Range
1/1/2005 - 1/1/2019
Summary
This trend measures the annual not seasonally adjusted labor force participation rate for the total U.S. population. It provides insight into the size and engagement of the U.S. working-age population in the 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 noninstitutional population aged 16 and older that is either employed or actively seeking work. This metric is closely watched by economists and policymakers to assess the health and utilization of the U.S. labor force.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a key indicator used by the Federal Reserve and other policymakers to evaluate the strength of the U.S. economy and guide economic and monetary policy decisions.
Key Facts
- The U.S. labor force participation rate averaged 62.8% in 2022.
- Participation rates are lower for certain demographic groups, such as older adults and individuals with disabilities.
- Declining labor force participation can signal economic challenges, such as worker discouragement or population aging.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian noninstitutional population aged 16 and older 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 crucial indicator of the health and utilization of the U.S. labor force, providing insight into economic conditions and workforce engagement.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
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 evaluate the strength of the U.S. economy and guide economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The labor force participation data is published monthly with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEAMNTTEUA647N), retrieved from FRED.