Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Luxembourg
Growth rate previous period, Quarterly
LFEM55MALUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.15
Year-over-Year Change
-380.63%
Date Range
1/1/2007 - 7/1/2023
Summary
The Growth rate previous period, Quarterly trend measures the quarter-over-quarter change in employment for the manufacturing sector. This key indicator provides insight into the health and momentum of the U.S. economy.
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 quarterly series tracks the percentage change in employment levels from the prior quarter, offering a timely signal of the direction and pace of economic activity. Analysts and policymakers closely monitor this metric to assess labor market conditions and inform economic decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of business establishments.
Historical Context
The growth rate in manufacturing employment is an important input for Federal Reserve and Congressional economic policy deliberations.
Key Facts
- Manufacturing accounts for approximately 8% of U.S. employment.
- The series has shown increased volatility during economic recessions.
- Positive growth signals expanding production and hiring in the sector.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Quarterly trend measures the quarter-over-quarter percent change in employment levels for the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely signal of the direction and momentum of economic activity, which is crucial for policymakers and market participants to assess the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of business establishments.
Q: How is this trend used in economic policy?
A: The growth rate in manufacturing employment is an important input for Federal Reserve and Congressional economic policy deliberations, as it reflects the broader state of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (LFEM55MALUQ657S), retrieved from FRED.