Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Luxembourg
Growth rate previous period, Quarterly, Seasonally Adjusted
LFACTTTTLUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.18
Year-over-Year Change
-112.56%
Date Range
1/1/2007 - 7/1/2023
Summary
This economic indicator measures the quarterly growth rate of employment, adjusted for seasonal variations. It provides important insights into the momentum and trajectory of the U.S. 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, quarterly, seasonally adjusted metric tracks the quarter-over-quarter percent change in total employment levels in the United States. It is a key gauge of the strength and direction of the job market, used by economists and policymakers to assess economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Current Employment Statistics (CES) survey.
Historical Context
This employment growth trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The metric is released monthly by the U.S. Bureau of Labor Statistics.
- It covers total nonfarm employment in the United States.
- Quarter-over-quarter employment growth has averaged 0.5% since 1947.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarter-over-quarter percent change in total U.S. employment levels, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a critical gauge of the strength and direction of the labor market, providing insights that inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Current Employment Statistics (CES) survey.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this employment growth trend to inform their economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The metric is released monthly with a typical one-month lag in data availability.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFACTTTTLUQ657S), retrieved from FRED.