Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Luxembourg
Persons, Annual, Seasonally Adjusted
LFEM24TTLUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,325.00
Year-over-Year Change
60.94%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Persons, Annual, Seasonally Adjusted' trend measures the total civilian labor force in the United States on an annual basis. This key economic indicator is widely used by policymakers and analysts to assess labor market conditions and trends.
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
This series represents the total number of people in the U.S. civilian labor force, which includes both employed and unemployed individuals who are actively seeking work. It is a fundamental measure of the size and composition of the national workforce.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The civilian labor force trend provides important context for interpreting employment, unemployment, and labor market participation rates.
Key Facts
- The U.S. civilian labor force reached a record high of over 164 million in 2019.
- The labor force participation rate has declined from a peak of 67.3% in 2000 to 63.4% in 2021.
- Women's participation in the labor force has increased significantly over the past several decades.
FAQs
Q: What does this economic trend measure?
A: The 'Persons, Annual, Seasonally Adjusted' trend measures the total number of people in the U.S. civilian labor force, including both employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator provides important context for interpreting employment, unemployment, and labor force participation rates, which are crucial for policymakers and economists analyzing the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The civilian labor force trend is closely monitored by the Federal Reserve, government agencies, and private sector analysts to assess the overall state of the labor market and inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The civilian labor force data is released on a monthly basis, with a short delay, and is subject to periodic revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFEM24TTLUA647S), retrieved from FRED.