Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Australia
Annual, Not Seasonally Adjusted
LFEASETTAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,317,480.00
Year-over-Year Change
30.23%
Date Range
1/1/1964 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted employment-to-population ratio in the United States. This key labor market indicator provides insight into the overall strength and participation of the U.S. workforce.
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 employment-to-population ratio represents the proportion of the civilian non-institutional population aged 16 and over that is employed. This metric is widely used by economists and policymakers to assess labor market conditions and overall economic health.
Methodology
The Bureau of Labor Statistics (BLS) collects this data through monthly household surveys.
Historical Context
The employment-to-population ratio informs monetary and fiscal policy decisions made by the Federal Reserve and Congress.
Key Facts
- The U.S. employment-to-population ratio averaged 59.1% in 2022.
- The ratio reached a record high of 64.7% in 2000.
- The ratio dropped sharply to 51.3% during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of the civilian non-institutional population aged 16 and over that is employed in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The employment-to-population ratio is a key indicator of labor market strength and overall economic health, informing policy decisions by the Federal Reserve and Congress.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics (BLS) collects this data through monthly household surveys.
Q: How is this trend used in economic policy?
A: The employment-to-population ratio is used by the Federal Reserve and other policymakers to assess the state of the labor market and make decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: This annual, not seasonally adjusted data is published with a short lag by the BLS.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEASETTAUA647N), retrieved from FRED.