Employed Population: Aged 55-64: Males for the European Union
Growth Rate Previous Period, Annual, Not Seasonally Adjusted
LFEM55MAEUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.21
Year-over-Year Change
-34.20%
Date Range
1/1/2006 - 1/1/2019
Summary
This economic trend measures the annual growth rate of the U.S. labor force, providing insights into employment and workforce dynamics.
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 growth rate tracks the year-over-year change in the total number of employed and unemployed individuals actively participating in the U.S. economy. It is a key indicator of workforce expansion or contraction and can inform economic and policy decisions.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to assess the health and trajectory of the U.S. labor market.
Key Facts
- The U.S. labor force grew by 1.2% in 2022.
- Labor force participation rate stood at 62.4% in December 2022.
- The employment-population ratio was 60.1% in December 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of the total U.S. labor force, which includes both employed and unemployed individuals actively participating in the economy.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of workforce dynamics and can inform economic and policy decisions related to employment, labor market conditions, and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health and trajectory of the U.S. labor market, which can inform decisions on employment, workforce development, and economic policies.
Q: Are there update delays or limitations?
A: The labor force growth rate data is released on a monthly basis with a typical delay of one month.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (LFEM55MAEUA657N), retrieved from FRED.