Persons, Monthly, Not Seasonally Adjusted
Quarterly, Seasonally Adjusted
LFHUADFEO1Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,662,000.00
Year-over-Year Change
-17.34%
Date Range
1/1/2005 - 7/1/2017
Summary
This economic trend measures the quarterly, seasonally adjusted labor force participation rate in the United States. It is a key indicator of the size and composition of the American 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 aged 16 and over that is either employed or actively seeking work. This metric provides important insights into labor market dynamics and the health of the overall economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey of households.
Historical Context
Policymakers and analysts closely monitor this trend to assess labor market conditions and the strength of economic recovery.
Key Facts
- The U.S. labor force participation rate averaged around 63% prior to the COVID-19 pandemic.
- Participation rates tend to decline during economic recessions as discouraged workers stop seeking employment.
- Increasing labor force participation is a key goal of many economic and workforce development policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian non-institutional population aged 16 and over that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the health and dynamics of the labor market, providing insights into economic recovery and the strength of the workforce.
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: Policymakers and analysts closely monitor this trend to assess labor market conditions and the strength of economic recovery, informing decisions on employment, workforce development, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is released monthly by the Bureau of Labor Statistics, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFHUADFEO1Q647S), retrieved from FRED.