Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Luxembourg
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEMTTTTLUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.52
Year-over-Year Change
-480.75%
Date Range
4/1/1985 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of the labor force, which is a key indicator of labor market participation and economic activity.
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 labor force growth rate provides insight into the dynamics of the labor market, including changes in the size and composition of the workforce. Economists and policymakers closely monitor this metric to assess the health and trajectory of the economy.
Methodology
The data is calculated based on household survey responses collected by the U.S. Bureau of Labor Statistics.
Historical Context
The labor force growth rate is a crucial input for economic forecasting and policy decisions related to employment, wages, and overall macroeconomic performance.
Key Facts
- The labor force includes both employed and unemployed individuals actively seeking work.
- Growth in the labor force can signal increasing economic opportunities and labor market participation.
- Flat or declining labor force growth may indicate broader economic challenges, such as discouragement or demographic shifts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of the U.S. labor force, which includes both employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of labor market dynamics and overall economic activity, providing insights that are crucial for economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on household survey responses collected by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force growth rate is a crucial input for economic forecasting and policy decisions related to employment, wages, and overall macroeconomic performance.
Q: Are there update delays or limitations?
A: The data is released quarterly, and there may be occasional revisions or delays in the release schedule.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEMTTTTLUQ657N), retrieved from FRED.