Growth Rate Previous Period
LFEM55FEO1A657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.51
Year-over-Year Change
-32.14%
Date Range
1/1/2006 - 1/1/2016
Summary
The Growth Rate Previous Period measures the rate of change in employment levels compared to the prior period. This key economic indicator provides insights into the strength and direction 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
This metric tracks the percentage change in total non-farm employment from one period to the next, typically month-over-month or quarter-over-quarter. It serves as an important barometer of economic health and is closely monitored by policymakers, analysts, and businesses.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
The growth rate is used to assess the overall state of the economy and inform policy decisions.
Key Facts
- The growth rate is reported as a percentage change.
- Positive growth indicates an expanding labor market.
- The trend is closely watched by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period measures the percentage change in total non-farm employment from one period to the next.
Q: Why is this trend relevant for users or analysts?
A: This metric serves as an important indicator of economic health and labor market strength, informing policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The growth rate is closely monitored by policymakers, such as the Federal Reserve, to assess the overall state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of several weeks.
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Infra-Annual Labor Statistics: Employment Rate Female: 15 Years or over for OECD
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Citation
U.S. Federal Reserve, Growth Rate Previous Period (LFEM55FEO1A657S), retrieved from FRED.