Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 24 Years for Canada
Annual, Not Seasonally Adjusted
LFIN24MACAA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
941,616.60
Year-over-Year Change
16.62%
Date Range
1/1/1976 - 1/1/2024
Summary
This annual, not seasonally adjusted economic trend measures the civilian labor force participation rate for manufacturing in the United States. It is a key indicator of labor market dynamics and workforce participation.
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 civilian labor force participation rate for manufacturing represents the proportion of the working-age population that is employed or actively seeking work in the manufacturing sector. This metric provides insights into the health and structure of the US manufacturing labor market.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the US Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the state of the manufacturing industry and broader labor market conditions.
Key Facts
- The US manufacturing sector employs over 12 million workers.
- Participation rates in manufacturing have declined from over 30% in the 1950s to around 20% today.
- Manufacturing accounts for approximately 11% of total US economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the civilian labor force participation rate in the US manufacturing sector on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing labor force participation rate provides important insights into the health and structure of the US manufacturing industry, which is a key driver of economic growth and productivity.
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 US Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess labor market conditions, inform workforce development initiatives, and evaluate the overall state of the manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so there may be delays in reflecting the most recent labor market conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN24MACAA647N), retrieved from FRED.