Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Austria
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM24TTATQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.94
Year-over-Year Change
-135.94%
Date Range
4/1/1999 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of employment, adjusted for seasonal variations. It provides key insights into the momentum and health 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 percentage change in total employment from one quarter to the next, after accounting for predictable seasonal patterns. This metric is a crucial indicator of economic performance and a key data point for policymakers and analysts.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly survey of employers.
Historical Context
This employment growth rate is widely referenced by the Federal Reserve, economists, and financial markets to assess the strength of the economy.
Key Facts
- The growth rate reached a low of -4.4% in Q2 2020 during the COVID-19 pandemic.
- Employment growth has averaged 0.5% per quarter over the last 10 years.
- The metric is released by the U.S. Bureau of Labor Statistics on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percent change in total U.S. employment, after adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a crucial indicator of economic momentum and the health of the labor market, making it highly relevant for policymakers, economists, and financial market participants.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly survey of employers.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely monitored by the Federal Reserve and other policymakers to assess the strength of the economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The employment growth rate data is released by the Bureau of Labor Statistics on a monthly basis with a slight delay, typically around 4-5 weeks after the end of the quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM24TTATQ657S), retrieved from FRED.