Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Luxembourg
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEMTTTTLUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.69
Year-over-Year Change
1.76%
Date Range
1/1/1986 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of the labor force in the United States. It provides insights into the overall size and dynamics of the country's available workforce.
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, not seasonally adjusted growth rate of the U.S. labor force is an important indicator for economists and policymakers. It helps assess the supply of potential workers and inform decisions around employment, productivity, and economic planning.
Methodology
The data is calculated based on monthly household survey data collected by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers use this trend to evaluate labor market conditions and the broader economy.
Key Facts
- The U.S. labor force growth rate averaged 0.7% annually from 2010-2020.
- Labor force growth is a key driver of long-term economic expansion.
- Slow labor force growth can constrain a country's potential GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the total U.S. labor force, providing insights into the size and dynamics of the available workforce.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is an important indicator for economists and policymakers, as it helps assess the supply of potential workers and inform decisions around employment, productivity, and economic planning.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly household survey data collected by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to evaluate labor market conditions and the broader economy, informing decisions around employment, workforce development, and economic growth strategies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEMTTTTLUA657N), retrieved from FRED.