Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Luxembourg
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEMTTTTLUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.52
Year-over-Year Change
-167.98%
Date Range
1/1/2007 - 10/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate in employment, a key indicator of the 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 growth rate in total employment, reported quarterly and seasonally adjusted, provides insight into the pace of job creation and can signal shifts in economic activity and labor demand.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of employers.
Historical Context
Policymakers and analysts closely monitor employment growth to gauge the strength of the economy and inform economic and monetary policy decisions.
Key Facts
- Employment growth averaged 0.7% per quarter over the past year.
- The fastest quarterly growth rate in the past decade was 1.2%.
- Employment growth slowed to 0.3% in the most recent quarter.
FAQs
Q: What does this economic trend measure?
A: This metric measures the quarter-over-quarter percent change in total U.S. employment, providing insight into the pace of job creation.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic health and a critical input for policymakers and analysts assessing the strength of the labor market and broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of employers.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor employment growth to inform decisions on monetary and fiscal policy, with implications for interest rates, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The employment growth data is released quarterly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEMTTTTLUQ657S), retrieved from FRED.