Growth Rate Previous Period, Annual, Not Seasonally Adjusted
LFEM25TTG7A657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.95
Year-over-Year Change
3.05%
Date Range
1/1/2006 - 1/1/2016
Summary
This trend measures the year-over-year growth rate of employment in the United States. It provides insight into the pace of economic activity and labor market conditions.
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, Not Seasonally Adjusted' series tracks the annual change in the level of employment, expressed as a percentage. This metric is a key indicator of the strength and trajectory of the U.S. economy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this employment growth trend to inform economic and monetary policy decisions.
Key Facts
- The U.S. employment growth rate reached a high of 3.8% in 2018.
- Employment growth slowed to 1.4% in 2020 due to the COVID-19 pandemic.
- The long-term average annual employment growth rate is around 1.5%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the level of employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic performance and labor market strength, providing insight into the pace of economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor employment growth to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The employment growth data is published monthly with a short delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (LFEM25TTG7A657N), retrieved from FRED.