Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Australia
Growth rate previous period, Monthly, Seasonally Adjusted
LFEM55TTAUM657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
-115.47%
Date Range
3/1/1978 - 11/1/2023
Summary
This economic trend measures the month-over-month growth rate of employment, providing insights into the pace of labor market changes.
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 metric tracks the percent change in total non-farm employment from the prior month, after adjusting for seasonal variations. This indicator is a key gauge of the strength and momentum of the U.S. job market.
Methodology
The data is calculated based on the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this metric to assess the health of the broader economy and inform economic and monetary policy decisions.
Key Facts
- The U.S. has added over 6 million jobs since the pandemic low in 2020.
- The employment growth rate reached a record high of 1.2% in 2021.
- Job gains have slowed in recent months as the economy faces inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the month-over-month percent change in total non-farm employment, providing insights into the pace of labor market changes.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of the strength and momentum of the U.S. job market, which is closely watched by policymakers and analysts to assess the broader economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform decisions on monetary policy, fiscal stimulus, and other measures aimed at promoting full employment and economic growth.
Q: Are there update delays or limitations?
A: The employment growth rate data is released monthly by the Bureau of Labor Statistics, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (LFEM55TTAUM657S), retrieved from FRED.