Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Luxembourg
Annual, Seasonally Adjusted
LFHU24TTLUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,750.00
Year-over-Year Change
97.14%
Date Range
1/1/1983 - 1/1/2024
Summary
This economic trend measures the total civilian labor force in the United States on an annual, seasonally adjusted basis. It is a key indicator of the 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 total civilian labor force represents the number of people aged 16 and older who are employed or actively seeking work. This metric is widely used by economists and policymakers to assess the overall health and dynamics of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey, a monthly survey of households conducted by the U.S. Census Bureau.
Historical Context
The total civilian labor force trend is closely monitored by the Federal Reserve and other government agencies to inform economic and labor market policies.
Key Facts
- The U.S. civilian labor force totaled 164.4 million in 2022.
- Labor force participation rate was 62.2% in 2022.
- The labor force has grown by 9.3% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 16 and older who are employed or actively seeking work in the United States.
Q: Why is this trend relevant for users or analysts?
A: The total civilian labor force is a crucial indicator of the overall size and composition of the U.S. workforce, providing important insights into labor market dynamics and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The total civilian labor force trend is closely monitored by the Federal Reserve and other government agencies to inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The labor force data is released monthly with a typical one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Total Civilian Labor Force (LFHU24TTLUA647S), retrieved from FRED.