Growth Rate Previous Period, Annual, Not Seasonally Adjusted
LFEM55FEG7A657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.69
Year-over-Year Change
-47.72%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic trend measures the annual growth rate of the labor force from the previous period, without seasonal adjustment. It provides insight into the long-term changes in the size and composition of the U.S. labor force.
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 of the labor force is an important indicator of the underlying trends in the labor market. It reflects changes in population, workforce participation, and demographic shifts that can influence economic growth and policy decisions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through its Current Population Survey.
Historical Context
Economists and policymakers use this trend to assess the supply-side dynamics of the labor market and inform workforce development strategies.
Key Facts
- The labor force growth rate averaged 0.5% annually from 2010-2020.
- Labor force growth has slowed in recent years due to aging demographics.
- Faster labor force growth can support higher economic output and GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percentage change in the size of the U.S. labor force from the previous period, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is an important indicator of the underlying dynamics in the labor market, which can influence economic growth, workforce planning, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through its monthly Current Population Survey of households.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the supply-side dynamics of the labor market and inform workforce development strategies, education and training programs, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
Related Trends
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G7LFWA24TTSTQ
Infra-Annual Labor Statistics: Employment Total: 15 Years or over for G7
G7LFEMTTTTGPQ
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for G7
G7LFEM55MAGPQ
Balance of Payments: Direct Investment: Net (Assets Minus Liabilities) for G7
G7B6FADI01CXCUQ
Balance of Payments: Services: Expenditure for G7
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Infra-Annual Labor Statistics: Employees Total for G7
G7LFESEETTSTQ
Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (LFEM55FEG7A657S), retrieved from FRED.