Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Sweden
Growth rate previous period, Annual, Seasonally Adjusted
LFEMTTTTSEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.51
Year-over-Year Change
-33.32%
Date Range
1/1/1964 - 1/1/2023
Summary
This economic trend measures the year-over-year growth rate in employment, providing insight into the strength and direction of the 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 previous period, annual, seasonally adjusted statistic tracks the percentage change in total employment compared to the same period a year earlier, after accounting for seasonal fluctuations. This metric is a key indicator of economic health and a focal point for policymakers and analysts.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor this employment growth trend to inform decisions around monetary and fiscal policy.
Key Facts
- Employment growth has averaged 1.5% annually over the past decade.
- The fastest annual employment growth rate in the last 20 years was 2.8% in 2000.
- The COVID-19 pandemic caused a sharp contraction in employment, with growth falling to -5.8% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in total employment, providing insight into the strength and direction of the U.S. labor market.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic health and a focal point for policymakers and analysts when evaluating the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this employment growth trend to inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly with a typical lag of around one month.
Related Trends
National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Sweden
NAEXKP06SEQ659S
Gross Domestic Product Per Capita for Sweden
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Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Sweden
LFHUTTTTSEM647N
Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Sweden
LFHUADTTSEA647N
Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Sweden
00XEFDSEM086NEST
Labor Compensation: Earnings: Manufacturing and Mining: Hourly for Sweden
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEMTTTTSEA657S), retrieved from FRED.