Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Luxembourg
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM24MALUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.51
Year-over-Year Change
-72.79%
Date Range
1/1/2007 - 7/1/2023
Summary
This economic trend measures the quarterly growth rate of employment in the United States, adjusted for seasonal variations. It provides insights into the strength and direction 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
The growth rate previous period, quarterly, seasonally adjusted series tracks the quarter-over-quarter change in total employment, with seasonal factors removed. This metric is a key indicator of economic health and the state of the labor market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of establishments.
Historical Context
Policymakers and economists closely monitor this trend to assess the overall trajectory of the economy.
Key Facts
- The growth rate reached a low of -5.5% in Q2 2020 during the COVID-19 pandemic.
- Employment growth has averaged 0.5% per quarter over the past 10 years.
- This metric is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of total employment in the United States, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of the health and direction of the labor market, which is closely tied to broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the overall trajectory of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a brief lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM24MALUQ657S), retrieved from FRED.