Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Luxembourg
Growth rate previous period, Annual
LFEM24MALUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10.42
Year-over-Year Change
-58.70%
Date Range
1/1/2004 - 1/1/2022
Summary
The 'Growth rate previous period, Annual' trend measures the year-over-year change in employment for men aged 24 and under. This data provides key insights into the labor force participation and economic health for young workers.
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 series tracks changes in employment levels for a critical demographic segment of the U.S. labor market. Economists and policymakers use this data to assess broader employment trends and the economic prospects for younger workers.
Methodology
The data is calculated from the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This employment growth metric is closely watched by the Federal Reserve and other institutions for its implications on wage pressures, consumer spending, and overall economic conditions.
Key Facts
- The series covers employment for men aged 24 and under.
- Annual growth rates are calculated as year-over-year percent changes.
- Data is released monthly with a 1-month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate in employment levels for men aged 24 and under in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into labor force participation and economic prospects for younger workers, which is of great interest to economists, policymakers, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is calculated from the Current Population Survey conducted monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This employment growth rate is closely monitored by the Federal Reserve and other institutions for its implications on broader economic conditions, such as wage pressures and consumer spending.
Q: Are there update delays or limitations?
A: The data is released monthly with a 1-month lag.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (LFEM24MALUA657N), retrieved from FRED.