Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Luxembourg
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEM55TTLUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.26
Year-over-Year Change
-114.28%
Date Range
4/1/2003 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of total employment in the United States on a non-seasonally adjusted basis. It provides insight into the pace of job creation and labor market dynamics.
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 employment growth rate is a key indicator of economic health and business cycle conditions. Economists and policymakers closely monitor this metric to assess the strength of the labor market and broader economic trends.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely referenced by financial analysts, economic researchers, and government agencies to inform policy decisions.
Key Facts
- The average quarterly employment growth rate from 1955 to 2023 is 0.4%.
- Employment growth tends to accelerate during economic expansions and decelerate during recessions.
- The fastest quarterly employment growth on record was 4.8% in Q3 1950.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of total employment in the United States on a non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of economic health and business cycle conditions, providing insight into the pace of job creation and labor market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by financial analysts, economic researchers, and government agencies to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a brief lag, providing timely information on the state of the labor market.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEM55TTLUQ657N), retrieved from FRED.