Answered step by step
Verified Expert Solution
Question
1 Approved Answer
{k Labor Force Participation Rate (cxmm DOWNLOAD}. Observation: Unis: Frequency: lY SY 10Y M Jun 2022: 62.2 (+ more) Percent, Monthly I I I ax
{k Labor Force Participation Rate (cxmm DOWNLOAD}. Observation: Unis: Frequency: lY SY 10Y M Jun 2022: 62.2 (+ more) Percent, Monthly I I I ax EDIT GRAPH Updated: Jul 8, 2022 S't'SOrh'llY AdeSted FREDJ Labor Force Participation Rate 68 67 66 65 64 63 Percent 62 61 60 59 58 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Shaded areas indicate U.S. recessions. Source: U.S. Bureau of Labor Statistics fred.st|ouisfed.org :: Share Links' Account Tools O 9 @ NOTES Source: U.S. Bureau of Labor Statistics [3' Release: Employment Situation [2' Units: Percent, Seasonally Adjusted Frequency: Monthly The series comes from the 'Current Population Survey (Household Survey)' The source code is: LN5113DODDO The Labor Force Participation Rate is defined by the Current Population Survey (CPS) as \"the number of people in the labor force as a percentage of the civilian noninstitutional population [...] the participation rate is the percentage of the population that is either working or actively looking for work." The Labor Force Participation Rate is collected in the CPS and published by the BLS. It is provided on a monthly basis, so this data is used in part by macroeconomists as an initial economic indicator of current labor market trends. The labor force participation rate helps government agencies, nancial markets, and researchers gauge the overall health of the economy. Note that long-run changes in labor force participation may reflect secular economic trends that are unrelated to the overall health of the economy. For instance, demographic changes such as the aging of population can lead to a secular increase of exits from the labor force, shrinking the labor force and decreasing the labor force participation rate. For more information, see: U.S. Bureau of Labor Statistics, CES Overview U.S. Bureau of Labor Statistics, Concepts and Definitions (CPS) Suggested Citation: U.S. Bureau of Labor Statistics, Labor Force Participation Rate [CIVPART], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CIVPART, July 9, 2022. 3. Go to the FRED economic database at hpszfred.stlouisfed.org/ and click on the \"Category\" link under the search box. Go to \"Population, Employment, & Labor Markets\
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started