Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Denmark
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM55TTDKA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.13
Year-over-Year Change
288.59%
Date Range
1/1/2000 - 1/1/2022
Summary
This annual, not seasonally adjusted trend measures the growth rate of employment in the U.S. labor force from the previous period. It provides important insights into the overall health and direction of the national workforce.
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 trend represents the year-over-year change in total U.S. employment, a key indicator of economic activity and labor market strength. Economists and policymakers closely monitor this metric to assess employment dynamics and inform economic policies.
Methodology
The data is collected through the U.S. Current Population Survey and calculated as the percent change in total employment from the prior year.
Historical Context
This growth rate trend helps inform decisions around monetary, fiscal, and labor market policies aimed at promoting full employment and economic stability.
Key Facts
- The growth rate reached a low of -5.8% in 2020 due to the COVID-19 pandemic.
- Employment growth averaged 1.2% annually from 2010-2019.
- Positive employment growth is a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in total U.S. employment, providing insights into the strength and direction of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a crucial economic indicator that helps inform policy decisions and assess the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Current Population Survey and calculated as the percent change in total employment from the prior year.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this employment growth trend to guide decisions around monetary, fiscal, and labor market policies aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: This annual, not seasonally adjusted data is released by the U.S. Federal Reserve with a lag of several months.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM55TTDKA657N), retrieved from FRED.