Growth Rate Previous Period, Annual
LFEM24MAG7A657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.85
Year-over-Year Change
11.13%
Date Range
1/1/2006 - 1/1/2016
Summary
The 'Growth Rate Previous Period, Annual' measures the year-over-year change in employment in the United States. This key economic indicator provides insight into the strength and trajectory of the 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
This annual growth rate metric tracks changes in total employment levels compared to the prior year. It is a widely-used barometer of economic health and a critical input for policymakers and analysts assessing the state of the U.S. economy.
Methodology
The data is calculated from the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Historical Context
The employment growth rate is a key consideration for the Federal Reserve and other institutions when evaluating monetary and fiscal policy.
Key Facts
- The U.S. employment growth rate was 2.9% in 2022.
- Employment growth has exceeded 2% for the past 5 consecutive years.
- Positive employment growth is a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Previous Period, Annual' measures the year-over-year change in total employment levels in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment growth metric is a key indicator of economic health and a critical input for policymakers and analysts assessing the state of the U.S. labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is calculated from the Current Population Survey (CPS) conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The employment growth rate is a key consideration for the Federal Reserve and other institutions when evaluating monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The employment growth data is published monthly with a lag of approximately one month.
Related Trends
Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for G7
G7LFAC55MASTQ
Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for G7
G7B6FARA01CXCUQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: 15 Years or over for G7
G7LFINTTFESTQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for G7
G7LRHUTTTTSTSAQ
Infra-Annual Labor Statistics: Employment Male: From 15 to 64 Years for G7
G7LFEM64MAGPQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for G7
G7LFIN25TTSTQ
Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual (LFEM24MAG7A657S), retrieved from FRED.