Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Austria
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM55MAATA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.21
Year-over-Year Change
24.29%
Date Range
1/1/2000 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of employment in the U.S. It is a key indicator of the health 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
The growth rate previous period, annual, not seasonally adjusted metric tracks the percentage change in total employment compared to the same period a year earlier. It provides insights into the strength and trajectory of the U.S. job market over time.
Methodology
This data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of American households.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the overall performance of the economy and inform decisions.
Key Facts
- The U.S. employment growth rate averaged 1.6% annually from 2010-2019.
- Growth rates turned negative during the COVID-19 recession in 2020.
- Employment growth has generally strengthened since the pandemic lows.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in total U.S. employment, providing insights into the strength and direction of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of economic health and a vital data point for policymakers, economists, and investors to monitor.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of American households.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely track this metric to gauge the overall performance of the economy and inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: This data is released monthly by the Bureau of Labor Statistics, with a typical publication lag of a few weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM55MAATA657N), retrieved from FRED.