Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for Australia
Annual, Not Seasonally Adjusted
LFINTTTTAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,406,273.00
Year-over-Year Change
15.62%
Date Range
1/1/1978 - 1/1/2024
Summary
This trend measures the annual, not seasonally adjusted labor force participation rate for the United States. It provides insight into the overall size and engagement of the country'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 labor force participation rate represents the proportion of the civilian noninstitutional population that is either employed or actively seeking employment. This metric is a key indicator of economic activity and labor market conditions.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
The labor force participation rate is closely monitored by policymakers and economists to assess the health and utilization of the national labor market.
Key Facts
- The U.S. labor force participation rate peaked at 67.3% in 2000.
- Participation rates have declined since the 2008 financial crisis.
- The aging of the population is a key driver of lower participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the civilian noninstitutional population in the United States 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 key indicator of the size and engagement of the national workforce, providing insight into the overall health of the labor market.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the labor force participation rate to assess the strength of the labor market and inform decisions on economic and workforce development policies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is published monthly with a short lag, providing timely insights into labor market trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFINTTTTAUA647N), retrieved from FRED.