Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Austria
Growth rate previous period, Annual, Seasonally Adjusted
LFEM55MAATA657S • 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
The 'Growth rate previous period, Annual, Seasonally Adjusted' metric measures the year-over-year change in total employment. It is a key economic indicator used to assess the health and momentum of the U.S. 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 annual, seasonally adjusted growth rate tracks the percentage change in total nonfarm employment compared to the same month one year prior. It provides insight into the pace of job creation and can inform economic policymaking and market analysis.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of businesses and households.
Historical Context
Economists and policymakers closely monitor this employment growth trend to gauge the overall strength of the economy.
Key Facts
- The U.S. employment growth rate averaged 1.3% annually from 2010-2019.
- Employment growth slowed to -5.7% in 2020 due to the COVID-19 pandemic.
- Strong employment growth is a sign of economic expansion and labor market tightness.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual, Seasonally Adjusted' metric tracks the year-over-year percentage change in total nonfarm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment growth rate is a key economic indicator that provides insight into the health and momentum of the U.S. labor market, which is a critical component of overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor employment growth to assess the broader health of the economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly by the Bureau of Labor Statistics with a typical lag of 1-2 weeks from the reference period.
Related Trends
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM55MAATA657S), retrieved from FRED.