Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted
LFEMTTTTG7Q657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.27
Year-over-Year Change
-4.51%
Date Range
7/1/1999 - 4/1/2017
Summary
This economic trend measures the quarterly growth rate of employment levels in the U.S. economy, providing a key indicator of labor market conditions and broader economic performance.
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, quarterly, not seasonally adjusted metric tracks the quarter-over-quarter change in total employment, expressed as a percentage. This data point offers insights into the pace and direction of job creation, a critical factor for policymakers and analysts monitoring economic health.
Methodology
The data is collected through the Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Historical Context
The employment growth rate is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. economy added over 4 million jobs in 2022.
- The employment growth rate reached a high of 1.2% in Q2 2022.
- The services sector accounts for the majority of job gains in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter change in total U.S. employment levels, providing insights into the pace of job creation and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a critical indicator of economic health and a key input for policymakers and market analysts when assessing the strength of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' monthly Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions aimed at supporting a healthy labor market and overall economic expansion.
Q: Are there update delays or limitations?
A: The employment growth rate data is published on a quarterly basis, with a typical delay of several weeks following the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted (LFEMTTTTG7Q657N), retrieved from FRED.