Quarterly, Not Seasonally Adjusted
LFPOTTTTHUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,747,600.00
Year-over-Year Change
-0.82%
Date Range
1/1/1999 - 7/1/2014
Summary
The 'Quarterly, Not Seasonally Adjusted' trend measures the labor force participation rate for the total U.S. population. This key economic indicator provides insights into labor market dynamics and potential workforce capacity.
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 share of the civilian noninstitutional population aged 16 and over that is employed or actively seeking work. It is a crucial metric for understanding the supply of available workers in the economy.
Methodology
The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Historical Context
Policymakers and analysts use this trend to assess the health and potential of the U.S. labor market.
Key Facts
- The labor force participation rate reached a peak of 67.3% in early 2000.
- The rate declined during the Great Recession, falling to 62.4% in 2015.
- As of 2022, the labor force participation rate stands at 62.1%.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Not Seasonally Adjusted' trend measures the share of the civilian noninstitutional population aged 16 and over that is 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 potential workforce capacity and can provide insights into labor market dynamics and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey, a monthly household survey conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and potential of the U.S. labor market, which can inform economic and workforce development policies.
Q: Are there update delays or limitations?
A: The labor force participation rate data is updated quarterly and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFPOTTTTHUQ647N), retrieved from FRED.