Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for OECD
Growth rate previous period, Seasonally Adjusted
OECDLFEM24FEGPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.12
Year-over-Year Change
-101.44%
Date Range
4/1/2007 - 7/1/2023
Summary
The growth rate previous period, seasonally adjusted indicator measures the rate of change in a specific economic variable from the previous period, with seasonal fluctuations removed. This metric is crucial for economists and policymakers to understand underlying trends and patterns in the economy.
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
This indicator tracks the percent change in an economic variable, such as GDP, employment, or industrial production, compared to the previous time period after accounting for regular seasonal variations. It provides a more accurate picture of the underlying economic dynamics by isolating the core growth rate from seasonal effects.
Methodology
The data is calculated by the OECD using seasonal adjustment techniques applied to the original time series.
Historical Context
This growth rate metric is widely used by economists, analysts, and policymakers to inform economic forecasting, monitor business cycles, and guide policy decisions.
Key Facts
- The growth rate is expressed as a percentage change.
- Seasonal adjustment removes regular patterns in the data.
- This metric provides a clearer signal of underlying economic momentum.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percent change in an economic variable, such as GDP or employment, from the previous time period after removing seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: The seasonally adjusted growth rate provides a more accurate picture of the underlying economic dynamics by isolating the core growth rate from regular seasonal effects, making it a crucial metric for economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using statistical techniques to seasonally adjust the original time series.
Q: How is this trend used in economic policy?
A: The seasonally adjusted growth rate is widely used by economists, analysts, and policymakers to monitor business cycles, inform economic forecasting, and guide policy decisions.
Q: Are there update delays or limitations?
A: The timeliness and availability of this data may be subject to the publication schedule and data release policies of the OECD.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (OECDLFEM24FEGPSAQ), retrieved from FRED.