Annual, Not Seasonally Adjusted
LFWATTTTG7A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
622,432,000.00
Year-over-Year Change
7.63%
Date Range
1/1/2005 - 1/1/2016
Summary
This series measures the annual, not seasonally adjusted civilian labor force participation rate for the United States. It is a key economic indicator used to assess the overall health of the labor market.
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 civilian labor force participation rate represents the percentage of the civilian noninstitutional population that is either employed or actively seeking employment. This metric is closely watched by policymakers and analysts to gauge labor market dynamics and workforce trends.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is an important input for understanding employment, wage, and economic growth patterns.
Key Facts
- The U.S. labor force participation rate averaged 62.1% in 2022.
- Participation rates are lower for women (57.0%) than men (67.1%).
- 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 annual, not seasonally adjusted civilian labor force participation rate in the United States, which represents the percentage of the working-age population 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 strength and availability of human capital in the economy, which is crucial for understanding employment, wages, and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the labor force participation rate to assess the health of the labor market and inform decisions around employment, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 weeks. There are no major limitations, though the annual, not seasonally adjusted series may exhibit some volatility compared to the seasonally adjusted version.
Related Trends
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFWATTTTG7A647S), retrieved from FRED.