Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Australia
Growth rate previous period, Monthly, Seasonally Adjusted
LFACTTTTAUM657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.54
Year-over-Year Change
20.16%
Date Range
3/1/1978 - 11/1/2023
Summary
The growth rate previous period, monthly, seasonally adjusted, tracks the month-over-month change in employment levels, providing insights into labor market dynamics.
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 economic indicator measures the percentage change in employment levels from the prior month, with seasonal factors removed to isolate underlying trends. It is a key gauge of the health and direction of the U.S. labor market, informing economic policymaking.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of businesses and government agencies.
Historical Context
Policymakers and analysts closely monitor this metric to assess the broader economy's performance and employment conditions.
Key Facts
- The series is published monthly by the U.S. Bureau of Labor Statistics.
- Employment growth is a leading indicator of economic activity and consumer demand.
- Positive growth signals a strengthening labor market, while negative growth indicates weakening conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the month-over-month percentage change in employment levels, providing insights into the direction and pace of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key gauge of economic health, informing policymaking, investment decisions, and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the broader economy's performance and make informed decisions regarding monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. 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, Monthly, Seasonally Adjusted (LFACTTTTAUM657S), retrieved from FRED.