Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Hungary
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM24MAHUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.88
Year-over-Year Change
33.76%
Date Range
4/1/1999 - 7/1/2023
Summary
This economic indicator measures the quarterly growth rate of employment, adjusted for seasonal factors. It provides important insights into the health and momentum 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 growth rate previous period, quarterly, seasonally adjusted metric tracks the quarter-over-quarter percent change in employment levels. It is a key measure used by economists and policymakers to assess the direction and pace of job creation in the United States.
Methodology
This data is calculated by the U.S. Bureau of Labor Statistics from its monthly surveys of establishments.
Historical Context
Analysts and institutions closely monitor this indicator to gauge the strength of the broader economy and inform policy decisions.
Key Facts
- Employment growth has averaged 0.5% quarterly since 2010.
- The fastest quarterly growth was 1.9% in Q3 2020.
- This indicator turned negative during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarter-over-quarter percent change in U.S. employment levels, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key barometer of economic health and labor market strength, informing policy decisions by governments and central banks.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics from its monthly surveys of business establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to assess the direction of the labor market and broader economic conditions, which informs decisions on interest rates, stimulus, and other policies.
Q: Are there update delays or limitations?
A: This data is released quarterly with a lag of approximately one month, so it reflects economic conditions from the prior quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM24MAHUQ657S), retrieved from FRED.