Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Estonia
Growth rate previous period, Annual, Seasonally Adjusted
LFEM24TTEEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.55
Year-over-Year Change
-179.52%
Date Range
1/1/2001 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of total employment, adjusted for seasonal variations. It provides a key indicator of 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 of total employment is a fundamental gauge of economic activity and strength. Policymakers and analysts closely monitor this trend to assess the broader state of the economy and inform decisions around monetary and fiscal policy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment growth metric is widely referenced by the Federal Reserve, government agencies, and private sector analysts.
Key Facts
- The annual growth rate reached a high of 2.1% in 2015.
- Employment growth slowed to 0.3% during the COVID-19 pandemic in 2020.
- This metric is a leading indicator of broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of total nonfarm employment in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a fundamental indicator of economic health and momentum. Policymakers and analysts closely monitor this metric to assess the state of the labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers reference this employment growth metric when making decisions around monetary and fiscal policy to support economic stability and growth.
Q: Are there update delays or limitations?
A: The employment growth data is published monthly with a lag of several weeks. There may also be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM24TTEEA657S), retrieved from FRED.