Growth Rate Previous Period, Annual, Not Seasonally Adjusted
LFEM25TTO1A657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.09
Year-over-Year Change
-24.30%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic trend measures the annual growth rate of total employment in the United States, without seasonal adjustments. It provides insights into the overall strength and trajectory of the 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, Not Seasonally Adjusted metric tracks the year-over-year change in total nonfarm employment in the U.S. economy. It is a key indicator used by economists and policymakers to assess the health and dynamics of the labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly employment surveys.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to inform policy decisions and market analysis.
Key Facts
- The growth rate averaged 1.9% annually from 2010 to 2019.
- Employment growth decelerated sharply during the COVID-19 pandemic.
- The metric helps assess the pace of economic recovery and hiring momentum.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percentage change in total nonfarm employment in the United States, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of the overall strength and trajectory of the labor market, providing insights into the broader health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly surveys of employers.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy and assess the progress of economic recovery.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical lag of a few weeks from the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (LFEM25TTO1A657S), retrieved from FRED.