Working Age Population: Aged 15-64: All Persons for the European Union
Annual, Not Seasonally Adjusted
LFWA64TTEUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
326,748,000.00
Year-over-Year Change
-1.55%
Date Range
1/1/2005 - 1/1/2019
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate for the total civilian population in 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 percentage of the civilian noninstitutional population aged 16 and over that is working or actively seeking employment. This metric is a key indicator of economic activity and labor market conditions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this trend to understand broader labor market dynamics and inform employment-related policies.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates vary by age, gender, and other demographic factors.
- The rate declined significantly during the COVID-19 pandemic but has been recovering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage 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 overall strength and engagement of the labor market, which is crucial for understanding economic conditions and informing policy decisions.
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: Policymakers and economists use this trend to monitor labor market dynamics and inform employment-related policies, such as those affecting job creation, workforce development, and labor force participation.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of a few weeks, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWA64TTEUA647N), retrieved from FRED.