Quarterly, Seasonally Adjusted
LFHU24TTG7Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,440,000.00
Year-over-Year Change
-25.98%
Date Range
1/1/1995 - 7/1/2017
Summary
This economic trend measures the quarterly, seasonally adjusted labor force participation rate for the United States. This key labor market indicator provides insights into the overall size and composition 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 labor force participation rate represents the percentage of the civilian, non-institutional population that is employed or actively seeking work. It is a closely watched metric used by economists and policymakers to assess the health and utilization of the U.S. labor market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly household surveys.
Historical Context
This trend is frequently referenced in Federal Reserve policy decisions and market analysis of employment conditions.
Key Facts
- The U.S. labor force participation rate averaged 62.2% in 2022.
- Participation rates are lower for demographic groups like older adults and some minorities.
- Changes in the participation rate influence estimates of the unemployment rate and potential GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian, non-institutional population in the United States that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of labor market conditions and the overall health of the economy. It helps inform policy decisions and market assessments.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The participation rate is closely monitored by the Federal Reserve and other policymakers as they assess labor market slack and make decisions about monetary policy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several weeks. There may be revisions to historical values based on updated survey information.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFHU24TTG7Q647S), retrieved from FRED.