Growth Rate Previous Period, Annual, Not Seasonally Adjusted
LFEM64TTO1A657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.44
Year-over-Year Change
-16.62%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic trend measures the annual growth rate of total employment in the United States, without seasonal adjustments. It provides important insights into the overall health and trajectory 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, Annual, Not Seasonally Adjusted indicator tracks year-over-year changes in total employment levels across the U.S. economy. It is a key metric used by economists and policymakers to assess the strength and direction of the job market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of employers.
Historical Context
This trend is closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Key Facts
- The current annual growth rate stands at X.X%.
- Employment growth has averaged Y.Y% over the past 5 years.
- This indicator does not adjust for seasonal hiring patterns.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percentage change in total employment levels across the U.S. economy, without adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of total employment is a crucial barometer of the overall health and momentum of the U.S. labor market, providing important insights for economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of business establishments and then calculated as the annual percent change in total nonfarm employment.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely monitored by the Federal Reserve and other government agencies to inform decisions on monetary policy, fiscal stimulus, and other measures aimed at promoting full employment and economic stability.
Q: Are there update delays or limitations?
A: This data is published monthly by the Bureau of Labor Statistics, with a typical release lag of 1-2 weeks. It does not adjust for seasonal hiring patterns, which can affect the interpretation of short-term changes.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (LFEM64TTO1A657N), retrieved from FRED.