Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Luxembourg
Annual, Seasonally Adjusted
LFIN24TTLUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,675.00
Year-over-Year Change
2.41%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures total labor force participation in the United States. This metric is a key indicator of the overall health and size of the U.S. labor market.
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
This series tracks the total number of people aged 16 and older who are either employed or actively seeking work, adjusted for seasonal variations. It is a widely referenced statistic that provides insight into workforce dynamics and economic activity.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor labor force participation as it informs decisions around employment, fiscal, and monetary policies.
Key Facts
- The U.S. labor force participation rate was 62.2% in 2022.
- Participation rates are typically lower for older workers and higher for prime-working age adults.
- Labor force participation is influenced by demographic shifts, economic conditions, and policy changes.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total number of people aged 16 and older who are employed or actively seeking work in the United States, with seasonal variations accounted for.
Q: Why is this trend relevant for users or analysts?
A: Labor force participation is a key indicator of the overall health and size of the U.S. workforce, providing insight into employment dynamics and economic activity that informs policy decisions.
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: Policymakers and economists closely monitor labor force participation as it informs decisions around employment, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical one-month lag between the reference period and the release of the statistics.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFIN24TTLUA647S), retrieved from FRED.