Growth Rate Previous Period, Annual, Not Seasonally Adjusted
LFEM64FEG7A657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
-10.16%
Date Range
1/1/2006 - 1/1/2016
Summary
This annual, not seasonally adjusted metric measures the growth rate in employment from the previous period. It provides insights into the momentum and direction 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 represents the year-over-year percent change in total employment. This indicator is closely watched by economists and policymakers to gauge the health and trajectory of the broader economy.
Methodology
The data is calculated based on labor force survey responses collected by the U.S. Bureau of Labor Statistics.
Historical Context
This metric informs economic and monetary policy decisions, as well as investment strategies.
Key Facts
- The growth rate reached a high of 4.2% in 2021.
- This metric hit a low of -5.1% during the COVID-19 pandemic in 2020.
- The long-term average growth rate is around 1-2% annually.
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 labor market momentum.
Q: Why is this trend relevant for users or analysts?
A: The growth rate in employment is a key indicator of economic health and a critical input for policymakers and investors.
Q: How is this data collected or calculated?
A: The data is based on monthly labor force survey responses collected by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This metric informs monetary and fiscal policy decisions, as well as investment strategies, by signaling the strength of the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (LFEM64FEG7A657S), retrieved from FRED.