Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Norway
Growth rate previous period, Annual, Seasonally Adjusted
LFEM24TTNOA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.64
Year-over-Year Change
2213.69%
Date Range
1/1/2001 - 1/1/2022
Summary
This economic trend measures the annual growth rate of employment in the United States, adjusted for seasonal variations. It provides crucial insights into the health and direction of the labor market.
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
The growth rate previous period, annual, seasonally adjusted series tracks year-over-year changes in total nonfarm employment. It is a widely followed indicator of economic performance and a key input for policymakers and analysts assessing the state of the U.S. economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The growth rate reached a high of 2.1% in 2015.
- Employment growth slowed to 1.1% in 2019 before the COVID-19 pandemic.
- The trend experienced a record decline of -5.7% in 2020 due to the economic impact of the pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of total nonfarm employment in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a crucial indicator of the health and direction of the labor market, providing valuable insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this trend to inform monetary and fiscal policy decisions that aim to promote full employment and economic stability.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM24TTNOA657S), retrieved from FRED.