Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted
LFEM64TTO1Q657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.37
Year-over-Year Change
-3.11%
Date Range
4/1/2005 - 4/1/2017
Summary
This economic trend measures the quarter-over-quarter growth rate of employment in the United States. It provides insights into the strength 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, quarterly, not seasonally adjusted indicator tracks the percentage change in total employment from one quarter to the next. This metric is closely watched by economists and policymakers to assess the health and trajectory of the U.S. job market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The employment growth rate is a key input for monetary and fiscal policy decisions.
Key Facts
- The U.S. employment growth rate averaged 0.5% per quarter over the past decade.
- Employment growth slowed to 0.1% in Q4 2022 amid economic uncertainty.
- The employment growth rate reached a high of 2.7% in Q3 2020 as the economy rebounded from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarter-over-quarter percentage change in total U.S. employment, providing insights into the strength and momentum of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key metric closely watched by economists and policymakers to assess the health and trajectory of the job market, which informs monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The employment growth rate is a critical input for monetary and fiscal policy decisions, as it reflects the overall strength and direction of the labor market.
Q: Are there update delays or limitations?
A: The employment growth rate data is released quarterly with a relatively short delay, making it a timely indicator of labor market conditions.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted (LFEM64TTO1Q657N), retrieved from FRED.