Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Luxembourg
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM55TTLUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.26
Year-over-Year Change
-112.24%
Date Range
1/1/2007 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of the total labor force. It is a key indicator of labor market dynamics and workforce changes over time.
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, seasonally adjusted metric tracks the percentage change in the total civilian labor force from one quarter to the next. This data point is widely used by economists and policymakers to analyze labor market trends and assess the broader state of the economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This growth rate figure informs decisions around employment, workforce development, and economic policy.
Key Facts
- The labor force growth rate averaged 0.4% per quarter from 2010-2019.
- Quarterly labor force growth was negative during the 2008-2009 recession.
- The labor force expanded by 1.1% in Q4 2021 compared to the prior quarter.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in the total civilian labor force, providing insights into workforce dynamics and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator used by economists, policymakers, and businesses to understand the broader state of the economy and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force growth rate informs decisions around employment, workforce development, and broader economic policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM55TTLUQ657S), retrieved from FRED.