Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Luxembourg
Annual, Seasonally Adjusted
LFWA64TTLUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
459,225.00
Year-over-Year Change
29.37%
Date Range
1/1/2003 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the total U.S. labor force participation rate, a key indicator of economic activity and workforce dynamics.
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
This economic series tracks 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 policymakers and analysts to assess labor market conditions and trends.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The U.S. labor force participation rate reached a peak of 67.3% in early 2000.
- Participation rate declined from 66% in 2008 to 62.8% in 2015, partly due to baby boomer retirements.
- The participation rate was 61.7% as of 2022, still below pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted 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 crucial indicator of the strength of the labor market and overall economic activity. It is closely monitored by policymakers and economists.
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: The labor force participation rate is used by the Federal Reserve and other institutions to inform economic policy decisions, such as setting interest rates and evaluating the health of the labor market.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short delay, providing timely insights into labor market trends.
Related Trends
International Merchandise Trade Statistics: Trade Balance: Commodities for Luxembourg
XTNTVA01LUA664N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Luxembourg
LUXCP010000IXOBM
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Luxembourg
LUXFCBODCKNUM
Harmonized Index of Consumer Prices: Alcoholic Beverages, Tobacco and Narcotics for Luxembourg
CP0200LUM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Luxembourg
LUXCP030000CTGYM
Business Tendency Surveys: Order Books: Economic Activity: Construction: Current for Luxembourg
BCOBLV02LUM460S
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWA64TTLUA647S), retrieved from FRED.