Infra-Annual Labor Statistics: Labor Force Male: 15 Years or over for G7
Growth rate previous period, Seasonally Adjusted
G7LFACTTMAGPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
83.59%
Date Range
4/1/2003 - 1/1/2018
Summary
This economic indicator measures the growth rate of real gross domestic product (GDP) from the previous period, adjusted for seasonal variations. It provides insights into the overall health and momentum of the U.S. 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
The growth rate previous period, seasonally adjusted statistic tracks the quarter-over-quarter percent change in real GDP, a key measure of economic output. This trend is used by economists and policymakers to analyze the pace of economic expansion or contraction and inform decisions on fiscal and monetary policies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
This metric is closely watched by the Federal Reserve and other institutions to gauge the direction and speed of the economy.
Key Facts
- Real GDP growth averaged 2.3% annually from 2010 to 2019.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth has ranged from -9% to +6.9% since 2010.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarter-over-quarter percent change in real gross domestic product (GDP), which is the broadest measure of economic output in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key barometer of the overall health and momentum of the U.S. economy, making it essential for economists, policymakers, and market participants to analyze.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is closely monitored by the Federal Reserve and other institutions to gauge the direction and speed of the economy, informing decisions on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (G7LFACTTMAGPSAQ), retrieved from FRED.