Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Austria
Growth rate previous period, Quarterly, Seasonally Adjusted
LFACTTTTATQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
-59.23%
Date Range
4/1/1969 - 7/1/2023
Summary
This economic trend measures the quarterly, seasonally adjusted growth rate compared to the previous period. It provides insights into the pace of economic expansion or contraction over time.
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 key economic indicators like gross domestic product (GDP), industrial production, and employment. Analysts use this data to assess the momentum and direction of the overall economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on official government statistics.
Historical Context
This trend is closely monitored by policymakers, investors, and economists to inform decisions about fiscal and monetary policy.
Key Facts
- The growth rate is expressed as a percentage change from the prior period.
- This metric is a leading indicator of overall economic performance.
- Positive growth rates signal an expanding economy, while negative values indicate contraction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted growth rate compared to the previous period, providing insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, investors, and economists as a leading indicator of overall economic performance and momentum.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official government statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this growth rate data to inform decisions about fiscal and monetary policy, as well as to assess the overall health and direction of the economy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a short lag time, and is subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFACTTTTATQ657S), retrieved from FRED.