Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Australia
Annual, Not Seasonally Adjusted
LREM64TTAUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.06
Year-over-Year Change
6.51%
Date Range
1/1/1979 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted labor force participation rate in the U.S. It provides insight into the overall size and composition of the American workforce.
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 represents the percentage of the civilian noninstitutional population that is either employed or actively seeking work. This metric is closely watched by economists and policymakers to assess the health and utilization of the U.S. labor market.
Methodology
The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The labor force participation rate is a key indicator used to inform economic and workforce policies.
Key Facts
- The U.S. labor force participation rate was 62.1% in 2022.
- Participation rates are lower for women compared to men.
- Rates tend to decline during economic recessions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted labor force participation rate in the United States. It represents the percentage of the civilian population that is either 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 overall health and utilization of the U.S. labor market. It provides important insights for economists, policymakers, and workforce analysts.
Q: How is this data collected or calculated?
A: The data is collected through the monthly 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 closely monitored by the Federal Reserve and other government agencies to inform economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
Related Trends
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Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Australia
LFWA64TTAUQ647S
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NINVSAXDCAUQ
Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Australia
LFEM55FEAUA647N
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LREM64TTAUA156N), retrieved from FRED.