Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Turkiye
Growth rate previous period, Annual, Seasonally Adjusted
LFACTTTTTRA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.81
Year-over-Year Change
21.22%
Date Range
1/1/2006 - 1/1/2022
Summary
The annual growth rate previous period measures the year-over-year change in an economic indicator, providing insights into the pace and direction of economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This seasonally adjusted metric tracks the annual growth rate of a variable compared to the previous year, offering a standardized view of economic trends over time. It is widely used by economists and policymakers to assess the trajectory of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics from underlying survey information.
Historical Context
The annual growth rate previous period is a key input for economic forecasting and evaluating the effectiveness of policy decisions.
Key Facts
- The metric is reported monthly by the U.S. government.
- Annual growth rates can indicate economic acceleration or deceleration.
- Policymakers monitor this trend to gauge the health of the overall economy.
FAQs
Q: What does this economic trend measure?
A: The annual growth rate previous period measures the year-over-year change in an economic indicator, providing insights into the pace and direction of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess the trajectory of the economy and inform economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics from underlying survey information.
Q: How is this trend used in economic policy?
A: The annual growth rate previous period is a key input for evaluating the effectiveness of policy decisions and the overall health of the economy.
Q: Are there update delays or limitations?
A: The metric is reported monthly by the U.S. government with minimal delay, providing timely insights into economic trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFACTTTTTRA657S), retrieved from FRED.