Monthly
LRHU24FEO1M156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.60
Year-over-Year Change
-9.38%
Date Range
1/1/2005 - 9/1/2017
Summary
The Monthly Economic Trend measures the percentage change in the U.S. labor force, providing valuable insights into employment dynamics 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
This monthly economic indicator tracks fluctuations in the size and composition of the U.S. labor force, which includes both employed and unemployed individuals actively seeking work. Understanding labor force trends is crucial for policymakers and economists assessing the overall health of the economy.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Labor force data informs decision-making around monetary and fiscal policies aimed at promoting full employment and economic stability.
Key Facts
- The U.S. labor force totaled over 164 million people as of the latest report.
- Labor force participation rate was 62.2% in the most recent month.
- The monthly report tracks changes in the employed, unemployed, and not in the labor force populations.
FAQs
Q: What does this economic trend measure?
A: The Monthly Economic Trend measures the size and composition of the U.S. labor force, including employed, unemployed, and not in the labor force individuals.
Q: Why is this trend relevant for users or analysts?
A: Understanding labor force dynamics is crucial for policymakers and economists assessing the overall health and direction of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Labor force data informs decision-making around monetary and fiscal policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: The monthly labor force data is released promptly by the U.S. Federal Reserve, with minimal delays.
Related Trends
Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for OECD
OECDLFEM25MAGPQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for OECD
OECDLFIN64TTSTQ
Infra-Annual Labor Statistics: Inactivity Rate Female: From 15 to 64 Years for OECD
OECDLRIN64FESTSAQ
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for OECD
OECDLRAC24MASTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for OECD
OECDLFIN55MASTQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for OECD
OECDLRHUTTMASTM
Citation
U.S. Federal Reserve, Monthly (LRHU24FEO1M156N), retrieved from FRED.