Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Canada
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEMTTTTCAA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.43
Year-over-Year Change
54.86%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic trend measures the annual growth rate of total employment in the United States on a not seasonally adjusted basis. It provides insight into the overall health and momentum 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 annual growth rate of total employment is a key indicator of economic expansion or contraction. It tracks year-over-year changes in the total number of employed persons, offering a broad perspective on the strength of the U.S. job market.
Methodology
The data is collected through the Current Population Survey, a comprehensive monthly household survey conducted by the U.S. Census Bureau.
Historical Context
This employment growth metric is closely watched by policymakers, economists, and market analysts to assess the direction of the economy and inform decision-making.
Key Facts
- The series dates back to 1948.
- The highest annual growth rate on record was 8.3% in 1950.
- The lowest annual growth rate was -5.8% in 2009 during the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in total employment in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The annual employment growth rate is a crucial indicator of the overall health and momentum of the U.S. labor market, providing insight into the direction of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this employment growth metric to assess economic conditions and inform decision-making.
Q: Are there update delays or limitations?
A: The employment growth data is published monthly with a short lag, providing timely information on the U.S. labor market.
Related Trends
Sales: Retail trade: Total retail trade: Volume for Canada
CANSLRTTO01MLM
International Trade: Exports: Value (Goods): Total for Canada
XTEXVA01CAA188S
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Canada
CANPROCONAISMEI
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Canada
CANFCACNUM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for Canada
CANCP040200GYQ
Amount Outstanding of Domestic Bonds and Notes in Non-Financial Corporations Sector, Long-Term at Original Maturity, Residence of Issuer in Canada
DBNLTRIAONCCA
Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEMTTTTCAA657N), retrieved from FRED.