Growth Rate Previous Period, Annual, Not Seasonally Adjusted
LFEM24FEO1A657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
208.71%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic trend measures the annual growth rate of employment, providing insight into the pace of change in the U.S. labor market over time.
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 metric tracks the year-over-year percentage change in employment, offering economists and policymakers a sense of the trajectory of the labor force.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This employment growth trend is closely monitored by the Federal Reserve and other institutions in evaluating the strength of the overall economy.
Key Facts
- The U.S. labor force grew by 1.7% in 2022.
- Employment growth slowed to 3.2% in Q4 2022.
- The annual employment growth rate averaged 2.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in total U.S. employment, providing insight into the pace of labor market growth.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic health and strength, closely watched by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions monitor this employment growth trend as part of their assessments of the overall economy and in informing monetary policy decisions.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly with a typical 1-2 month lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (LFEM24FEO1A657N), retrieved from FRED.