Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Australia
Persons, Annual, Seasonally Adjusted
LFEM24MAAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,121,650.00
Year-over-Year Change
19.68%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the total number of employed persons aged 24 and over in the United States on an annual, seasonally adjusted basis. It is a key indicator of the overall strength and growth 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 Persons, Annual, Seasonally Adjusted series provides a comprehensive overview of employment levels among prime-working-age adults in the United States. Economists and policymakers closely monitor this metric to assess the health of the broader economy and make informed decisions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey, a monthly household survey.
Historical Context
This employment trend is widely used by the Federal Reserve, government agencies, and private-sector analysts to inform economic policy and investment strategies.
Key Facts
- The annual, seasonally adjusted employment level for persons aged 24 and over reached a record high of 157.5 million in 2019.
- Employment levels declined sharply during the COVID-19 pandemic but have since recovered to near pre-pandemic levels.
- The employment-to-population ratio for this age group is a closely watched metric of labor market strength.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons aged 24 and over in the United States on an annual, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of the overall health and growth of the U.S. labor market, which is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey of households.
Q: How is this trend used in economic policy?
A: The Persons, Annual, Seasonally Adjusted employment trend is widely used by the Federal Reserve, government agencies, and private-sector analysts to inform economic policy and investment strategies.
Q: Are there update delays or limitations?
A: The employment data is released monthly, with an annual, seasonally adjusted figure published for each calendar year.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFEM24MAAUA647S), retrieved from FRED.