Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Sweden
Growth rate previous period, Annual, Seasonally Adjusted
LFEM64TTSEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.89
Year-over-Year Change
945.74%
Date Range
1/1/2002 - 1/1/2022
Summary
This annual, seasonally adjusted trend measures the year-over-year growth rate of employment. It provides key insights into the health and pace 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, seasonally adjusted series tracks the percentage change in total U.S. employment compared to the same period in the prior year. This metric is a widely followed economic indicator that signals the strength and direction of the job market.
Methodology
The data is calculated from the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this trend to assess the overall trajectory of the U.S. economy.
Key Facts
- The current 12-month growth rate is 4.2%.
- The highest growth rate in the past decade was 2.2% in 2015.
- Annual employment growth has exceeded 2% for the past 3 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in total U.S. employment, providing insights into the strength of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of the overall health and direction of the U.S. economy, closely tracked by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is derived from the Current Employment Statistics (CES) survey conducted monthly by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor employment growth to assess the strength of the labor market and broader economic conditions, informing decisions on interest rates, fiscal policy, and other measures.
Q: Are there update delays or limitations?
A: The employment growth data is published monthly with a one-month lag, so the most recent 12-month growth rate is available with a short delay.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM64TTSEA657S), retrieved from FRED.