Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Australia
Growth rate previous period, Monthly, Seasonally Adjusted
LFEM24MAAUM657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.93
Year-over-Year Change
84.16%
Date Range
3/1/1978 - 11/1/2023
Summary
This economic indicator measures the month-over-month growth rate of employment, adjusted for seasonal variations. It provides insight into the pace of labor market changes and is closely watched by economists and policymakers.
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, monthly, seasonally adjusted trend tracks the percentage change in total employment from one month to the next, after accounting for typical seasonal hiring and layoff patterns. This metric offers a timely gauge of the momentum and direction of the U.S. job market.
Methodology
The data is calculated based on the Current Employment Statistics survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this employment growth rate to assess the broader health of the economy and inform decisions around monetary and fiscal policy.
Key Facts
- The growth rate reached a low of -16.3% in April 2020 during the COVID-19 pandemic.
- In 2022, the average monthly growth rate was 0.4%.
- This indicator is released alongside the broader monthly jobs report.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the month-over-month percentage change in total U.S. employment, adjusted for typical seasonal hiring patterns.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate provides a timely gauge of labor market momentum, which is a key input for economic policymaking and business decision-making.
Q: How is this data collected or calculated?
A: The data is derived from the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this employment growth metric to assess the overall health of the economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: This data is released monthly, in alignment with the broader U.S. jobs report, and provides a real-time snapshot of employment dynamics.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (LFEM24MAAUM657S), retrieved from FRED.