Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Hungary
Growth rate previous period, Annual, Not Seasonally Adjusted
LFACTTTTHUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
13.64%
Date Range
1/1/1993 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of employment in the United States. It is a key indicator of the overall strength and trajectory of the labor market.
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, annual, not seasonally adjusted trend tracks the percent change in total non-farm employment levels compared to the same month of the prior year. This metric provides insight into the pace of job creation and can inform economic analysis and policymaking.
Methodology
The data is calculated based on monthly employment surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely referenced by economists, investors, and policymakers to assess the health of the U.S. economy.
Key Facts
- The annual employment growth rate reached a high of 4.6% in 2021.
- Employment growth slowed to 2.3% in 2022 as the labor market recovery moderated.
- The fastest growth in this metric was 7.2% in 1984 following the 1981-1982 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in total non-farm employment levels in the United States.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of the overall strength and trajectory of the labor market, providing insight into the pace of job creation that informs economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly employment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment growth rate is widely referenced by economists, investors, and policymakers to assess the health of the U.S. economy and inform decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFACTTTTHUA657N), retrieved from FRED.