Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Japan
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM64TTJPA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
-130.02%
Date Range
1/1/1969 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of employment in the United States, providing insights into the strength 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, not seasonally adjusted metric tracks changes in total nonfarm employment compared to the same period in the previous year. It is a key indicator of economic performance and a valuable data point for policymakers and analysts.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through its monthly employment surveys.
Historical Context
This trend is widely referenced by economists, investors, and government officials to assess the overall health of the U.S. economy.
Key Facts
- The growth rate reached a low of -5.5% in April 2020 during the COVID-19 pandemic.
- Employment growth has averaged around 2% per year over the past decade.
- This metric is closely watched by the Federal Reserve in setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of total nonfarm employment in the United States, providing insights into the strength and direction of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a crucial indicator of economic performance and a valuable data point for policymakers, investors, and analysts assessing the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through its monthly employment surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other policymakers to help guide decisions on monetary policy and assess the strength of the labor market.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM64TTJPA657N), retrieved from FRED.