Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Czechia
Annual, Seasonally Adjusted
LFEASETTCZA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,211,700.00
Year-over-Year Change
11.65%
Date Range
1/1/1998 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted civilian labor force participation rate in the United States. It is a key indicator of the health and utilization 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 civilian labor force participation rate represents the percentage of the civilian non-institutional population that is either employed or actively seeking work. It is an important economic metric used by policymakers and analysts to assess labor market dynamics and the overall strength of the economy.
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 closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Key Facts
- The U.S. labor force participation rate was 62.4% in 2022.
- Participation rates are lower for older workers and those with disabilities.
- Labor force participation has declined since the 2000s due to demographic shifts and economic factors.
FAQs
Q: What does this economic trend measure?
A: This series measures the percentage of the civilian non-institutional population 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 insights into economic activity and the potential workforce.
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 closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFEASETTCZA647S), retrieved from FRED.