Population (LFS Basis): All Ages: All Persons for Czech Republic
Quarterly, Seasonally Adjusted
LFPOTTTTCZQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,519,600.00
Year-over-Year Change
0.20%
Date Range
1/1/1999 - 7/1/2014
Summary
The 'Quarterly, Seasonally Adjusted' series measures the civilian labor force participation rate in the United States on a quarterly basis. This key economic indicator provides insight into the size and composition 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
The labor force participation rate is the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. It is a crucial metric for economists and policymakers to assess the strength and dynamics of the U.S. labor market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through household surveys.
Historical Context
The labor force participation rate is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. labor force participation rate was 62.2% in Q1 2023.
- Participation rates are lower for older workers and women compared to younger workers and men.
- The participation rate has declined since the early 2000s due to demographic and economic factors.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Seasonally Adjusted' series measures the percentage of the civilian 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 key indicator of the strength and dynamics of the U.S. labor market, providing insights that are crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through household surveys and calculated as a percentage of the civilian noninstitutional population.
Q: How is this trend used in economic policy?
A: The labor force participation rate is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The 'Quarterly, Seasonally Adjusted' series is published by the Federal Reserve on a quarterly basis, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFPOTTTTCZQ647S), retrieved from FRED.