Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Canada
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEM55TTCAQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.41
Year-over-Year Change
-58.45%
Date Range
4/1/1976 - 10/1/2023
Summary
This economic indicator measures the quarterly growth rate of the U.S. labor force, providing insight into labor market dynamics and economic expansion.
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, quarterly, not seasonally adjusted metric tracks the quarter-over-quarter change in the total U.S. labor force. This helps economists and policymakers monitor labor market trends and labor force participation.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used to analyze labor market conditions and support macroeconomic policy decisions.
Key Facts
- The labor force grew by 1.2% in Q4 2022 compared to the previous quarter.
- Robust labor force growth is a sign of a healthy, expanding economy.
- The labor force participation rate reached 62.3% in December 2022.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarterly growth rate of the total U.S. labor force, which includes all employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Labor force growth is a key indicator of economic expansion and labor market conditions. It helps economists and policymakers assess the health of the labor market and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric is used by the Federal Reserve, government agencies, and economic analysts to monitor labor market trends and support macroeconomic policy decisions, such as interest rate adjustments and employment initiatives.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month, so the most recent quarter's data may not be immediately available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEM55TTCAQ657N), retrieved from FRED.