Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Canada
Growth rate previous period, Monthly, Seasonally Adjusted
LFACTTTTCAM657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
-89.55%
Date Range
1/1/1960 - 12/1/2023
Summary
The growth rate previous period, monthly, seasonally adjusted measures the month-over-month percent change in an economic variable, adjusted for seasonal factors.
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 provides insight into the underlying momentum of an economic indicator, removing the effects of recurring seasonal patterns. It is a key metric used by economists and policymakers to analyze economic growth and guide decision-making.
Methodology
The data is calculated from the original monthly series using statistical methods to isolate the non-seasonal component.
Historical Context
The growth rate previous period is widely referenced in market analysis and economic policy discussions.
Key Facts
- Data is released monthly by the U.S. Federal Reserve.
- Trend captures underlying changes beyond seasonal fluctuations.
- Used to assess direction and pace of economic activity.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly, seasonally adjusted measures the month-over-month percent change in an economic variable, with seasonal factors removed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the underlying momentum of the economy, which is crucial for economists and policymakers to assess growth, make forecasts, and guide decision-making.
Q: How is this data collected or calculated?
A: The data is calculated from the original monthly series using statistical methods to isolate the non-seasonal component.
Q: How is this trend used in economic policy?
A: The growth rate previous period is widely referenced in market analysis and economic policy discussions, as it helps identify the direction and pace of economic activity.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve, with typical publication lags of a few weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (LFACTTTTCAM657S), retrieved from FRED.