Infra-Annual Labor Statistics: Labor Force Male: 15 Years or over for Australia
Growth rate previous period, Monthly, Seasonally Adjusted
LFACTTMAAUM657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
76.53%
Date Range
3/1/1978 - 11/1/2023
Summary
This economic trend measures the monthly, seasonally adjusted growth rate from the previous period. It provides crucial 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
The growth rate previous period metric tracks changes in a key economic variable over time, offering policymakers and analysts a timely gauge of economic performance and momentum.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to inform economic policy decisions and market analysis.
Key Facts
- The growth rate is measured on a monthly basis.
- Seasonal adjustments help isolate underlying economic trends.
- This metric is a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month, seasonally adjusted growth rate of a key economic variable.
Q: Why is this trend relevant for users or analysts?
A: The growth rate previous period is a crucial indicator of economic momentum and direction, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists rely on this trend to gauge the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays, providing timely insights into economic conditions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (LFACTTMAAUM657S), retrieved from FRED.