Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Ireland
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEM25TTIEQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.22
Year-over-Year Change
-105.79%
Date Range
7/1/1999 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of employment in the U.S. economy. It provides valuable insights into the pace of labor market recovery and overall economic performance.
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, Quarterly, Not Seasonally Adjusted series tracks the percentage change in total employment from the previous quarter on a non-seasonally adjusted basis. This metric helps economists and policymakers monitor the strength and trajectory of the U.S. job market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on its monthly Current Employment Statistics survey.
Historical Context
This trend is closely watched by the Federal Reserve and other government agencies to inform economic policy decisions.
Key Facts
- The growth rate reached a low of -10.4% in Q2 2020 during the COVID-19 pandemic.
- The trend has averaged around 0.5% growth per quarter over the past decade.
- Employment growth slowed to 0.1% in Q1 2023 amid economic uncertainty.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percent change in total U.S. employment on a non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate provides crucial insights into the strength and direction of the labor market, which is a key indicator of overall economic performance.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Labor Statistics based on its monthly Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this employment growth metric to inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEM25TTIEQ657N), retrieved from FRED.