Infra-Annual Labor Statistics: Employment Male: 15 Years or over for Australia
Growth rate previous period, Monthly, Not Seasonally Adjusted
LFEMTTMAAUM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.23
Year-over-Year Change
54.39%
Date Range
2/1/1978 - 11/1/2023
Summary
This economic trend measures the month-over-month growth rate of the civilian 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 growth rate previous period metric tracks the change in the size of the civilian labor force compared to the prior month. This provides insight into the pace of labor force expansion or contraction, which is closely watched by policymakers and analysts.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Monitoring labor force growth helps inform economic and monetary policy decisions.
Key Facts
- The civilian labor force includes all employed and unemployed persons.
- The growth rate can signal changes in workforce participation and job market conditions.
- Faster labor force growth may indicate an expanding economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month growth rate of the civilian labor force, which includes all employed and unemployed persons.
Q: Why is this trend relevant for users or analysts?
A: Tracking labor force growth provides insights into labor market dynamics and the overall pace of economic activity.
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: Monitoring labor force growth helps inform economic and monetary policy decisions made by policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Not Seasonally Adjusted (LFEMTTMAAUM657N), retrieved from FRED.