Employment by Economic Activity: Manufacturing: All Persons for the European Union
Annual, Not Seasonally Adjusted
LFEAMNTTEUA647S • 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 economic trend measures the annual, not seasonally adjusted labor force participation rate for the civilian noninstitutional population in the United States. This key labor market indicator provides insight into the supply of available workers in the economy.
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 noninstitutional population aged 16 and over that is either employed or actively seeking work. It is a widely followed metric that helps analysts and policymakers assess the health and utilization of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is used by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. labor force participation rate averaged 62.8% in 2022.
- Participation rates tend to decline during economic recessions.
- Aging demographics contribute to long-term declines in the U.S. labor force participation rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work in the United States.
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 insight into the available supply of workers.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is used by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEAMNTTEUA647S), retrieved from FRED.