Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Canada
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM55TTCAA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.18
Year-over-Year Change
-70.45%
Date Range
1/1/1977 - 1/1/2023
Summary
This annual, not seasonally adjusted economic trend measures the year-over-year growth rate of total employment in the United States. It is a key indicator of labor market dynamics and overall economic health.
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 percent change in total employment compared to the same period one year prior. This provides insight into the pace of job creation and labor force participation over time.
Methodology
The data is compiled by the U.S. Bureau of Labor Statistics from monthly surveys of households and establishments.
Historical Context
Policymakers and analysts monitor this trend to assess the strength of the economy and guide decisions around employment, wages, and other key policy levers.
Key Facts
- The U.S. employment growth rate averaged 1.4% annually from 2010-2020.
- Employment growth slowed to 0.1% in 2020 due to the COVID-19 pandemic.
- The highest annual employment growth rate in the last decade was 2.1% in 2014.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percent change in total employment in the United States, providing insight into the pace of job creation and labor force participation.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of economic health and labor market conditions. It is closely monitored by policymakers, economists, and investors to guide decisions around employment, wages, and other policy levers.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Labor Statistics from monthly surveys of households and establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the employment growth rate to assess the strength of the economy and inform decisions around monetary and fiscal policy, including interest rates, government spending, and employment programs.
Q: Are there update delays or limitations?
A: The employment growth rate data is released monthly with a lag of approximately one month, so the most recent data may not fully reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM55TTCAA657N), retrieved from FRED.