Working Age Population: Aged 15 and Over: All Persons for the European Union
Annual, Not Seasonally Adjusted
LFWATTTTEUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
427,030,775.00
Year-over-Year Change
2.94%
Date Range
1/1/2005 - 1/1/2019
Summary
This series tracks the U.S. labor force participation rate for the total population, which is a key indicator of economic activity and labor market trends.
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 is the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work. It provides insights into the available labor supply and workforce engagement.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Historical Context
Policymakers and economists closely monitor this metric to assess the overall health and utilization of the U.S. labor market.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates vary by demographic factors like age and gender.
- The rate has declined from a peak of 67.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: This series tracks the percentage of the civilian noninstitutional population aged 16 and over that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate provides insights into the available labor supply and workforce engagement, which are key indicators of economic health and activity.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the overall health and utilization of the U.S. labor market.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant update delays.
Related Trends
Harmonized Index of Consumer Prices: Overall Index Excluding Energy for European Union (28 Countries)
00XE00EU28M086NEST
Active Population: Aged 25-54: Females for the European Union
LFAC25FEEUA647N
Harmonized Index of Consumer Prices: Catering Services for Euro Area (19 Countries)
CP1110EZ19M086NEST
Harmonized Index of Consumer Prices: Hairdressing Salons and Personal Grooming Establishments for Euro Area (19 Countries)
CP1211EZ19M086NEST
Harmonized Index of Consumer Prices: Furnishings, Household Equipment and Routine Household Maintenance for European Union (28 Countries)
CP0500EU28M086NEST
Retail Trade Sales: Passenger Car Registrations for the European Union
SLRTCR03EUQ657S
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWATTTTEUA647S), retrieved from FRED.