Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Australia
Growth rate previous period, Annual, Seasonally Adjusted
LFEM55TTAUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.04
Year-over-Year Change
-40.82%
Date Range
1/1/1980 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of total employment in the United States, adjusted for seasonal variations. It provides key insights into the overall strength and direction 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
The growth rate previous period, annual, seasonally adjusted metric tracks the percent change in total employment compared to the same period in the prior year, after accounting for regular seasonal fluctuations. This indicator is widely used by economists and policymakers to assess the health and momentum of the U.S. economy.
Methodology
The data is collected through surveys of U.S. businesses and households by the Bureau of Labor Statistics.
Historical Context
This employment growth metric informs economic and monetary policy decisions at the Federal Reserve and other government institutions.
Key Facts
- Employment growth averaged 1.3% annually from 2010-2019.
- The COVID-19 pandemic caused a sharp 5.7% decline in employment in 2020.
- The U.S. regained over 80% of pandemic-related job losses by the end of 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in total U.S. employment, adjusted for regular seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key gauge of the overall health and momentum of the U.S. economy, informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and households by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment growth metric is closely monitored by the Federal Reserve and other policymakers to assess the strength of the labor market and broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of several weeks, and may be subject to revisions as more information becomes available.
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AUSGGXCNLG01GDPPT
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AUSXTNTVA01STSAQ
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FAEEFNAUQ052N
Liquid Liabilities (Broad Money) for Australia
DDOI07AUA648NWDB
Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Australia
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM55TTAUA657S), retrieved from FRED.