Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Hungary
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM55TTHUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.01
Year-over-Year Change
-63.41%
Date Range
1/1/2000 - 1/1/2022
Summary
This annual, not seasonally adjusted trend measures the year-over-year growth rate of employment levels. It provides insights into the overall health and momentum 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 metric tracks changes in total employment on an annual basis. It is a key indicator used by economists and policymakers to assess the strength and direction of the broader economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly household surveys.
Historical Context
This employment growth trend is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The current 12-month growth rate is 3.2%.
- Employment growth slowed in 2022 compared to the prior year.
- The metric reached a low of -5.8% during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in total U.S. employment levels on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of overall economic health and labor market strength, providing important insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly household surveys.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this employment growth trend to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months. There may be revisions to prior periods as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM55TTHUA657N), retrieved from FRED.