Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Denmark
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM24MADKQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.40
Year-over-Year Change
-14.85%
Date Range
4/1/1999 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of employment, providing insights into the pace of labor market changes. It is a key indicator for economists and policymakers assessing economic performance and employment dynamics.
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 series tracks the percent change in total nonfarm employment from the previous quarter. This metric offers a timely gauge of the strength and direction of the labor market, which is crucial for evaluating the overall health of the economy.
Methodology
The data is calculated based on the Bureau of Labor Statistics' monthly employment surveys.
Historical Context
Policymakers and analysts monitor this trend to inform decisions related to monetary and fiscal policy.
Key Facts
- The series is updated quarterly.
- The growth rate can be positive or negative, indicating employment expansion or contraction.
- Historical data is available from 1948 to the present.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percent change in total nonfarm employment, providing insights into the pace of labor market changes.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a crucial indicator for evaluating the overall health of the economy, as it reflects the strength and direction of the labor market.
Q: How is this data collected or calculated?
A: The data is calculated based on the Bureau of Labor Statistics' monthly employment surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to inform decisions related to monetary and fiscal policy, as it provides insights into the state of the labor market and overall economic performance.
Q: Are there update delays or limitations?
A: The series is updated quarterly, with a relatively short delay compared to some other economic indicators.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM24MADKQ657S), retrieved from FRED.