Growth Rate Previous Period, Quarterly, Seasonally Adjusted
LFEM25TTG7Q657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
225.81%
Date Range
4/1/2005 - 4/1/2017
Summary
This trend measures the quarterly growth rate of total labor force for the United States, adjusted for seasonal variations. It provides insight into the overall size and dynamics of the American workforce.
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 labor force growth rate is an important economic indicator that reflects the expansion or contraction of the working-age population. Economists and policymakers analyze this data to understand labor market trends and inform decisions around employment, workforce development, and economic policy.
Methodology
The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Historical Context
This labor force growth metric is widely used by government agencies, research institutions, and private sector analysts to assess the health and trajectory of the U.S. economy.
Key Facts
- The U.S. labor force grew by 1.2% in Q3 2022.
- Labor force participation rate was 62.3% in September 2022.
- The services sector accounts for over 80% of U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly growth rate of the total U.S. labor force, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of the size and dynamics of the American workforce, providing insights that inform economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a joint effort between the U.S. Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Government agencies, research institutions, and private sector analysts use this labor force growth metric to assess the health and trajectory of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve with a typical lag of around two months.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (LFEM25TTG7Q657S), retrieved from FRED.