Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Austria
Seasonally Adjusted
LFEASETTATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,247,125.00
Year-over-Year Change
14.82%
Date Range
1/1/1969 - 1/1/2024
Summary
This series measures the seasonally adjusted employment level in the United States. It is a key indicator of the overall health and performance 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 Seasonally Adjusted employment level, published by the U.S. Bureau of Labor Statistics, represents the total number of employed persons in the U.S. after adjusting for regular seasonal variations. This provides a clearer picture of underlying employment trends, unaffected by predictable seasonal fluctuations.
Methodology
The data is collected through the Current Population Survey and adjusted using statistical methods to account for seasonal patterns.
Historical Context
This metric is closely watched by policymakers, economists, and market analysts to gauge the strength of the U.S. economy.
Key Facts
- The U.S. employment level reached a record high in 2019 before the COVID-19 pandemic.
- Seasonal adjustments account for predictable fluctuations due to holidays, weather, and other factors.
- Employment data is a leading indicator of overall economic health and consumer spending.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted employment level measures the total number of employed persons in the United States, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a clearer picture of underlying employment trends, unaffected by predictable seasonal fluctuations, making it a key indicator of the overall health and performance of the U.S. labor market.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey and adjusted using statistical methods to account for seasonal patterns.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted employment level is closely watched by policymakers, economists, and market analysts to gauge the strength of the U.S. economy and inform decision-making.
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 about 2-3 weeks.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (LFEASETTATA647S), retrieved from FRED.