Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Luxembourg
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM25TTLUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.15
Year-over-Year Change
-81.19%
Date Range
1/1/2007 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of the employment level for the total U.S. labor force. It is a key indicator of the strength and momentum of the overall 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 percent change in total employment from the prior quarter, after accounting for typical seasonal fluctuations. It provides insights into the pace of job creation and can signal turning points in the business cycle.
Methodology
This data is calculated by the U.S. Bureau of Labor Statistics based on the Current Population Survey.
Historical Context
Economists and policymakers closely monitor this trend to assess the health of the labor market and guide economic and monetary policy decisions.
Key Facts
- The average quarterly employment growth rate from 1948-2023 is 0.37%.
- Employment growth reached a high of 4.8% in Q3 2020 as the economy rebounded from pandemic lows.
- Negative quarterly growth signals a potential economic recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percent change in the total U.S. employment level, 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 strength and momentum of the labor market, providing insights into the pace of job creation that can signal turning points in the business cycle.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on the Current Population Survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess the health of the labor market and guide economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM25TTLUQ657S), retrieved from FRED.