Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Australia
Growth rate previous period, Annual, Seasonally Adjusted
LFEMTTTTAUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.32
Year-over-Year Change
90.90%
Date Range
1/1/1965 - 1/1/2023
Summary
This economic trend measures the annual, seasonally adjusted growth rate compared to the previous period. It provides insight into the pace of economic expansion or contraction over the year.
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 annual growth rate is a key indicator used by economists and policymakers to assess the overall health and momentum of the economy. It helps identify periods of economic growth or recession based on changes in economic output over the prior 12 months.
Methodology
The data is calculated based on the U.S. Bureau of Labor Statistics' monthly employment statistics.
Historical Context
Tracking this growth rate is crucial for informing monetary and fiscal policy decisions.
Key Facts
- The growth rate represents the year-over-year change in economic output.
- Positive growth rates indicate an expanding economy, while negative rates signal a contracting economy.
- Policymakers closely monitor this indicator to guide decisions on interest rates and other economic interventions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted growth rate in economic output compared to the previous 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual growth rate is a crucial indicator of the economy's overall health and momentum, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated based on the U.S. Bureau of Labor Statistics' monthly employment statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this growth rate indicator to guide decisions on interest rates, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a slight delay to allow for compilation and seasonal adjustments.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEMTTTTAUA657S), retrieved from FRED.