Infra-Annual Labor Statistics: Employment Male: 15 Years or over for Sweden
Growth rate previous period, Annual, Seasonally Adjusted
LFEMTTMASEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.80
Year-over-Year Change
91.71%
Date Range
1/1/1964 - 1/1/2022
Summary
This economic indicator measures the annual growth rate of the labor force in the previous period, adjusted for seasonal variations. It provides insights into the dynamism and growth of the overall workforce.
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 labor force growth rate is a key measure of the expansion or contraction of the available pool of workers in an economy. It is used by economists and policymakers to assess the long-term capacity and potential for economic growth.
Methodology
The data is collected through the Current Population Survey (CPS) and calculated as the year-over-year percent change in the seasonally adjusted labor force.
Historical Context
This metric is relevant for evaluating labor market conditions and informing policies related to employment, workforce development, and economic growth strategies.
Key Facts
- The labor force grew by 1.2% in the previous year.
- Seasonal adjustments account for recurring variations in the labor force.
- The growth rate has averaged 0.8% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the annual percentage change in the size of the labor force, accounting for seasonal fluctuations. It provides insights into the expansion or contraction of the available workforce.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a crucial metric for evaluating the long-term capacity and potential for economic growth, as well as informing policies related to employment and workforce development.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) and calculated as the year-over-year percent change in the seasonally adjusted labor force.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess labor market conditions and inform policies related to employment, workforce development, and economic growth strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month. Seasonal adjustments may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEMTTMASEA657S), retrieved from FRED.