Annual, Not Seasonally Adjusted
LFIN24TTO1A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82,305,000.00
Year-over-Year Change
2.54%
Date Range
1/1/2005 - 1/1/2016
Summary
The 'Annual, Not Seasonally Adjusted' series measures the total labor force participation rate in the United States. This key economic indicator provides insights into the availability and engagement of the working-age population in the 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
The labor force participation rate tracks the percentage of the civilian noninstitutional population aged 16 and over who are either employed or actively seeking work. This metric is widely used by economists and policymakers to assess the overall health and utilization of the U.S. labor force.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a crucial input for evaluating employment trends, workforce dynamics, and the potential for economic growth.
Key Facts
- The labor force participation rate reached a peak of 67.3% in 2000.
- The rate declined from 66.0% in 2007 to 63.4% in 2020 due to demographic shifts and the COVID-19 pandemic.
- Participation rates vary significantly by age, gender, and other demographic factors.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total labor force participation rate in the United States, representing the percentage of the civilian noninstitutional population aged 16 and over who are 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 overall health and utilization of the U.S. labor force, providing insights into employment trends, workforce dynamics, and the potential for economic growth.
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 labor force participation rate is used by economists and policymakers to evaluate employment trends, assess the potential for economic growth, and inform policy decisions related to the labor market and workforce development.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' series is published with a relatively short delay, with the latest data typically available within a few months of the reference period.
Related Trends
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Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 55 to 64 Years for OECD
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFIN24TTO1A647S), retrieved from FRED.