Quarterly, Not Seasonally Adjusted
LFUN24FEG7Q647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,957,000.00
Year-over-Year Change
-23.97%
Date Range
4/1/2003 - 4/1/2017
Summary
This economic trend measures the total labor force in the United States on a quarterly, not seasonally adjusted basis. It provides important insights into the size and dynamics of the U.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 total labor force represents the number of people aged 16 and older who are either employed or actively seeking work. This metric is closely watched by economists and policymakers to assess the overall health and utilization of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Changes in the total labor force can inform economic and policy decisions related to employment, workforce development, and labor supply.
Key Facts
- The U.S. labor force totaled over 165 million people in 2022.
- The labor force participation rate was 62.4% as of the latest quarter.
- The labor force has grown by over 10 million since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 16 and older who are either employed or actively seeking work in the United States, on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The total labor force is a key indicator of the overall size and utilization of the U.S. workforce, which is crucial for economic analysis and policymaking related to employment, labor supply, and workforce development.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Changes in the total labor force can inform economic and policy decisions related to employment, workforce development, and labor supply.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay from the end of the reference period.
Related Trends
Balance of Payments: Financial Derivatives: Net (Assets Minus Liabilities) for G7
G7B6FAFD01CXCUQ
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for G7
G7LFWA24TTSTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 15 to 64 Years for G7
G7LFIN64FESTQ
Balance of Payments: Services: Expenditure for G7
G7B6DBSE01CXCUSAQ
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 24 Years for G7
G7LFAC24FESTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for G7
G7LFIN55MASTQ
Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LFUN24FEG7Q647N), retrieved from FRED.