Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Israel
Growth rate previous period, Annual, Seasonally Adjusted
LFEM24TTILA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.47
Year-over-Year Change
398.13%
Date Range
1/1/1996 - 1/1/2022
Summary
This economic trend measures the annual growth rate of total employment, adjusted for seasonal variations. It provides insights into the overall 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, annual, and seasonally adjusted series tracks year-over-year changes in total nonfarm employment. This metric is a key indicator used by economists and policymakers to assess the strength and trajectory of the broader economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses.
Historical Context
This employment growth rate trend is widely referenced by the Federal Reserve, congressional committees, and private sector analysts.
Key Facts
- Employment growth averaged 1.3% annually over the past decade.
- Robust employment growth is a sign of economic expansion.
- Deceleration in this metric can indicate an impending recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in total nonfarm employment, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a crucial indicator of the economy's overall health and direction, used extensively by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Employment Statistics (CES) survey of businesses.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this employment growth metric when setting monetary policy, and it is a key input for congressional deliberations on fiscal policy.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly by the Bureau of Labor Statistics, with a typical 1-month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM24TTILA657S), retrieved from FRED.