Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Canada
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM64TTCAQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
-81.87%
Date Range
4/1/1976 - 10/1/2023
Summary
This economic trend measures the seasonally adjusted quarter-over-quarter growth rate of total employment. It provides a timely indicator of the strength 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 is a key economic indicator that tracks the quarterly percent change in total nonfarm employment. It offers insights into the pace of job creation and overall economic activity, making it crucial for policymakers and analysts to monitor.
Methodology
The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely followed by the Federal Reserve, market analysts, and economists to assess the health of the U.S. economy.
Key Facts
- The trend reached a record low of -5.1% in Q2 2020 due to the COVID-19 pandemic.
- Employment growth slowed to 0.1% in Q4 2022 amid concerns of an economic slowdown.
- The average quarterly growth rate from 2010-2019 was 0.5%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted quarter-over-quarter percent change in total nonfarm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a crucial indicator of the overall health and direction of the U.S. economy, as it reflects the pace of job creation and business activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely monitored by the Federal Reserve, policymakers, and market analysts to assess the strength of the labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The employment growth rate data is released monthly by the Bureau of Labor Statistics, with a typical lag of one month from the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM64TTCAQ657S), retrieved from FRED.