Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Australia
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM64TTAUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.85
Year-over-Year Change
-59.16%
Date Range
7/1/1978 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of the labor force, which is a key indicator of labor market dynamics and economic activity.
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 labor force growth rate represents the change in the total number of employed and unemployed individuals actively participating in the workforce. It is a widely tracked metric used by economists and policymakers to assess labor market trends and the overall health of the economy.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This labor force growth rate is closely monitored by the Federal Reserve and other economic authorities to inform policy decisions.
Key Facts
- The labor force includes both employed and unemployed individuals.
- Positive growth in the labor force signals expanding economic activity.
- The quarterly, seasonally adjusted data is released by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of the total U.S. labor force, which includes both employed and unemployed individuals actively participating in the workforce.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of labor market dynamics and overall economic activity. It is closely monitored by economists and policymakers to assess the health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force growth rate is closely tracked by the Federal Reserve and other economic authorities to inform policy decisions related to employment, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and the seasonally adjusted figures may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM64TTAUQ657S), retrieved from FRED.