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The data series can be obtained from the Federal Reserve Economic Database (FRED). As of October 2024, there were 269,300,000 persons in the civilian noninstitutional population [2] out of a U.S. population of 337,446,000 approximately. [3] It has steadily grown along with the U.S. population, roughly 1% per year for 2005-2013 period.
The Current Population Survey (CPS) [1] is a monthly survey of about 60,000 U.S. households conducted by the United States Census Bureau for the Bureau of Labor Statistics (BLS). The BLS uses the data to publish reports early each month called the Employment Situation. [ 2 ]
Both ratios have the same denominator, the civilian population. The numerator of the upper line is the labor force (i.e., both employed and unemployed), while the numerator of the lower line is the employed only. U.S. proportion of the civilian labor force aged 16 years and older that was not in the labor force by reason, 2004 and 2014
The employment-to-population ratio is usually calculated and reported periodically for the economy by the national agency of statistics. [6] [7] [8] It is usually calculated by using a survey data collection and the answers of certain people to the questions of the national agency for the economy and statistics of a country. [9] [10]
The sum of the labour force and out of the labour force results in the noninstitutional civilian population, that is, the number of people who (1) work (i.e., the employed), (2) can work but don't, although they are looking for a job (i.e., the unemployed), or (3) can work but don't, and are not looking for a job (i.e., out of the labour force).
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