Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for Australia
Annual, Seasonally Adjusted
LFWATTTTAUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,361,950.00
Year-over-Year Change
21.65%
Date Range
1/1/1978 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted total labor force in the United States. It is a key economic indicator used to analyze employment trends and workforce participation.
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 employed or actively seeking employment. This data is collected through household surveys and used by policymakers and analysts to assess the strength of the U.S. labor market.
Methodology
The data is calculated from the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The total labor force figure is closely watched by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. labor force totaled over 165 million people in 2022.
- Labor force participation has declined from a peak of 67.3% in 2000 to 62.4% in 2022.
- Women's labor force participation rate was 57.1% in 2022, compared to 67.7% for men.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of people in the U.S. who are employed or actively seeking work, on an annual and seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The total labor force is a crucial indicator of the strength and participation in the U.S. job market, which informs economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated from the Current Population Survey conducted monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The total labor force figure is closely watched by the Federal Reserve and other institutions to inform decisions on interest rates, employment programs, and other economic policies.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay. The seasonally adjusted figures may be subject to revision as new data becomes available.
Related Trends
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LRUN55MAAUM156S
Stock Market Capitalization to GDP for Australia
DDDM01AUA156NWDB
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Australia
LREM64TTAUM156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Australia
CPALTT01AUA659N
Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Australia
CCRETT02AUQ661N
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AUSBCABP6USD
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LFWATTTTAUA647S), retrieved from FRED.