Growth Rate Previous Period, Annual, Not Seasonally Adjusted
LFEMTTTTG7A657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.51
Year-over-Year Change
81.10%
Date Range
1/1/1963 - 1/1/2016
Summary
The 'Growth Rate Previous Period, Annual, Not Seasonally Adjusted' measures the year-over-year change in total employment. This key labor market indicator provides insights into the overall health and direction of the U.S. economy.
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
This annual, non-seasonally adjusted series tracks the percentage change in total employment compared to the same period in the prior year. Economists and policymakers monitor this trend to assess the strength and momentum of the labor market and broader economic conditions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The employment growth rate is widely referenced by the Federal Reserve, Congressional committees, and private sector analysts to inform economic policy and investment decisions.
Key Facts
- The U.S. employment growth rate averaged 1.3% annually from 2010-2019.
- Employment growth turned negative in 2020 due to the COVID-19 pandemic.
- Strong employment growth is a signal of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Previous Period, Annual, Not Seasonally Adjusted' tracks the year-over-year percentage change in total U.S. employment.
Q: Why is this trend relevant for users or analysts?
A: This employment growth rate is a key indicator of the overall strength and direction of the U.S. economy, providing insights for policymakers, businesses, and investors.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely monitored by the Federal Reserve, Congress, and private sector analysts to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This annual, non-seasonally adjusted series is published with a short lag, making it a timely indicator of economic conditions.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 64 Years for G7
G7LFIN64MASTQ
National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G7
G7NAEXKP01GPSAQ
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for G7
G7NAEXKP04GYSAQ
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 24 Years for G7
G7LFAC24FESTQ
Balance of Payments: Financial Derivatives: Net (Assets Minus Liabilities) for G7
G7B6FAFD01CXCUQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for G7
G7CPGREN01GYM
Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (LFEMTTTTG7A657S), retrieved from FRED.