Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Hungary
Growth rate previous period, Annual, Seasonally Adjusted
LFEM55TTHUA657S • 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 economic trend measures the year-over-year growth rate of total employment in the U.S., which is a key indicator of labor market and broader economic conditions.
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 annual, seasonally adjusted growth rate of total employment provides insights into the strength and trajectory of the U.S. job market. It is widely monitored by economists, policymakers, and market analysts to assess the overall health of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
Historical Context
This employment growth metric informs federal monetary and fiscal policy decisions aimed at promoting stable prices and maximum sustainable employment.
Key Facts
- The U.S. employment growth rate averaged 1.4% annually from 2010-2019.
- Employment growth turned negative in 2020 due to the COVID-19 pandemic.
- The fastest annual employment growth on record was 6.8% in 1984.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in total U.S. employment, providing insights into the strength of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a crucial indicator of overall economic health and a key input for monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions monitor employment growth to help guide decisions on interest rates, stimulus, and other measures aimed at promoting stable prices and maximum sustainable employment.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM55TTHUA657S), retrieved from FRED.