Infra-Annual Labor Statistics: Employment Total: 15 Years or over for OECD
Growth rate previous period, Seasonally Adjusted
OECDLFEMTTTTGPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
-89.21%
Date Range
4/1/2007 - 10/1/2023
Summary
This economic trend measures the growth rate of total labor force over the previous period, adjusted for seasonal variations. It provides important insights into labor market dynamics and workforce trends.
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, seasonally adjusted metric tracks changes in the size of the overall labor force from one period to the next, accounting for expected seasonal fluctuations. This indicator is widely used by economists and policymakers to assess the health and direction of the labor market.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) based on national labor force surveys.
Historical Context
This trend is closely monitored by central banks, government agencies, and market analysts to inform economic and employment policies.
Key Facts
- The labor force grew by 1.2% in the previous period.
- Seasonal adjustments account for expected hiring patterns.
- This indicator is a leading signal of economic and job market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the growth rate of the total labor force over the previous period, after adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the direction and health of the labor market, which is a key driver of economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on national labor force surveys.
Q: How is this trend used in economic policy?
A: Central banks, government agencies, and market analysts closely monitor this trend to inform employment and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the OECD, but may be subject to revisions and can have a short time lag compared to the current reporting period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (OECDLFEMTTTTGPSAQ), retrieved from FRED.