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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 ]
U.S. unemployment rate and employment to population ratio (EM ratio) Wage share and employment rate in the U.S. Employment-to-population ratio, also called the employment rate, [1] is a statistical ratio that measures the proportion of a country's working age population (statistics are often given for ages 15 to 64 [2] [3]) that is employed.
Current Population Survey: Bureau of Labor Statistics [10] Civilian noninstitutional population 16 years and older. [10] 60,000 households [10] 1940 Ongoing monthly Labor force, employment, unemployment, persons not in the labor force, hours of work, earnings [10] Face-to-face interview format, Phone response [11] National Survey of Family Growth
Demographic trends: The U.S. has an aging population, which is moving more persons out of the labor force relative to the civilian population. This has resulted in a long-term downward trend in the labor force participation rate that began around 2000, as the Baby Boomer generation began to retire.
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).
The labour force participation rate (LFPR) is the number of people in the labour force divided by the size of the adult civilian noninstitutional population (or by the population of working age that is not institutionalized), LFPR = LF/Population. [6]
A population projection, in the field of demography, is an estimate of a future population. It is usually based on current population estimates derived from the most recent census plus a projection of possible changes based on assumptions of future births, deaths, and any migration into or out of the region being studied.