U.S. inactive labor force monthly number 2022-2024

Monthly number of inactive labor force of the United States from May 2022 to May 2024

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Release date

June 2024

Region

United States

Survey time period

May 2022 to May 2024

Age group

16 years and older

Supplementary notes

Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. It is normal to report un-adjusted data for current unemployment rates, as these reflect the actual current situation. Seasonally adjusted data may be used for the longer term comparison. Unlike the trend and cyclical components, seasonal components, theoretically, happen with similar magnitude during the same time period each year. The seasonal component of a series are often considered to be uninteresting in their own right and to cause the interpretation of a series to be ambiguous. By removing the seasonal component, it is easier to focus on other components.

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