Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for G7
G7LFEASETTSTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
278,815,700.00
Year-over-Year Change
-0.33%
Date Range
1/1/2003 - 10/1/2020
Summary
The 'Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for G7' trend measures employment in the services sector across the G7 countries on a quarterly basis. This metric provides valuable insights into the state of the global services economy.
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 trend represents employment levels in the services sector, which is a critical component of the economy in advanced industrialized nations. Analyzing changes in services employment can help economists and policymakers gauge the overall health and direction of the G7 economies.
Methodology
The data is collected through surveys of businesses and households in the G7 countries.
Historical Context
This trend is closely monitored by economists, central banks, and international organizations to inform economic policy decisions.
Key Facts
- The G7 countries include the United States, Canada, the United Kingdom, France, Germany, Italy, and Japan.
- The services sector accounts for over 60% of GDP in most G7 economies.
- Employment in the services sector has remained relatively stable compared to other economic sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment levels in the services sector across the G7 countries on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Analyzing changes in services employment can provide valuable insights into the overall health and direction of the G7 economies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households in the G7 countries.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, central banks, and international organizations to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for G7 (G7LFEASETTSTSAQ), retrieved from FRED.