Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Australia
Growth rate previous period, Annual, Seasonally Adjusted
LFEM64TTAUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.52
Year-over-Year Change
148.54%
Date Range
1/1/1980 - 1/1/2022
Summary
This economic indicator measures the year-over-year growth rate in total employment, adjusted for seasonal variations. It provides insight into the overall health and momentum of the 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, annual, seasonally adjusted measures the percent change in total nonfarm employment compared to the same month a year earlier, after accounting for typical seasonal employment patterns. This metric is a key indicator of economic expansion or contraction.
Methodology
The data is calculated from the Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Historical Context
Policymakers and analysts closely monitor this employment growth trend to gauge the strength of the broader economy.
Key Facts
- The U.S. has seen strong job growth in recent years.
- Employment growth tends to lag broader economic cycles.
- Rapid employment gains can signal an overheating economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percent change in total nonfarm employment, adjusted for typical seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key barometer of economic health and momentum, providing insights into the strength of the labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is calculated from the Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor employment growth to gauge the strength of the economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical 1-2 month lag in availability.
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Net migration for Australia
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM64TTAUA657S), retrieved from FRED.