Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Luxembourg
Annual, Seasonally Adjusted
LRACTTTTLUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.35
Year-over-Year Change
6.17%
Date Range
1/1/2003 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures total consumer credit outstanding in the United States. This key indicator provides insights into household borrowing and spending patterns, which are vital for economic policymakers.
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 'Annual, Seasonally Adjusted' trend represents the total dollar amount of outstanding consumer credit, including revolving credit (e.g., credit cards) and non-revolving credit (e.g., auto loans, student loans). This metric is used by economists and analysts to gauge consumer confidence and the availability of credit in the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from financial institutions.
Historical Context
Policymakers monitor this trend to assess the health of consumer finances and the broader economy.
Key Facts
- Total consumer credit outstanding reached a record high of $4.5 trillion in 2022.
- Revolving credit, such as credit cards, accounts for approximately 30% of total consumer credit.
- Consumer credit growth is often viewed as a leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Seasonally Adjusted' trend measures the total dollar amount of outstanding consumer credit in the United States, including both revolving and non-revolving credit.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into household borrowing and spending patterns, which are vital for economic policymakers and analysts to assess consumer confidence and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to gauge consumer finances and broader economic conditions, which informs decisions on monetary policy, lending regulations, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRACTTTTLUA156S), retrieved from FRED.