Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Australia
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEMTTTTAUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.72
Year-over-Year Change
-62.28%
Date Range
4/1/1967 - 10/1/2023
Summary
This economic trend measures the quarterly, seasonally adjusted growth rate from the previous period. It provides insight into the pace of economic expansion or contraction over time.
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 changes in total output, production, or economic activity between consecutive quarters. It is a key indicator used by economists and policymakers to assess the overall health and direction of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
Historical Context
This growth rate trend is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The growth rate is expressed as a percentage change from the prior quarter.
- Positive growth indicates economic expansion, while negative growth signals contraction.
- Economists track this metric to identify turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted percentage change in total economic output or activity from the previous period.
Q: Why is this trend relevant for users or analysts?
A: The growth rate previous period is a key indicator of the economy's overall health and direction, used by economists, policymakers, and market analysts to assess the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this growth rate metric to inform monetary and fiscal policy decisions that aim to promote stable, sustainable economic expansion.
Q: Are there update delays or limitations?
A: The growth rate data is published on a quarterly basis, with a lag of several weeks after the end of each quarter to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEMTTTTAUQ657S), retrieved from FRED.