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The labor force is the actual number of people available for work and is the sum of the employed and the unemployed. The U.S. labor force reached a record high of 168.7 million civilians in September 2024. [1] In February 2020, at the start of the COVID-19 pandemic in the United States, there were 164.6 million civilians in the labor force. [2]
A jump in the unemployment rate to 4.3% in July from 3.7% at the start of the year saw the U.S. central bank kicking off its policy easing cycle with an unusually large half-percentage-point ...
The Fed hiked rates by 525 basis points in 2022 and 2023. Compensation rose at a 4.2% rate last quarter after increasing at a 4.6% pace in the second quarter. It advanced at a 5.5% rate from a ...
The labor force participation rate (LFPR) is defined as the number of persons in the labor force (i.e., employed and unemployed) divided by the civilian population (aged 16+). This ratio has steadily fallen from 67.3% in March 2000 to 62.5% by May 2016. [ 54 ]
Labor costs were previously reported to have advanced at a 2.4% rate in the April-June quarter. They increased at a 2.2% pace in the third quarter from a year ago, revised down from the previously ...
Economic activity rate, EAR (or labor force participation rate, LFPR), is the percentage of the population, both employed and unemployed, [1] that constitutes the workforce, regardless of whether they are currently employed or job searching.
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