Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for G7
Growth rate previous period, Seasonally Adjusted
G7LFEM24TTGPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.21
Year-over-Year Change
-1985.14%
Date Range
4/1/2005 - 1/1/2018
Summary
The 'Growth rate previous period, Seasonally Adjusted' trend measures the quarter-over-quarter percent change in employment. It is a key economic indicator tracked by policymakers and analysts to assess labor market dynamics.
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 employment growth rate metric provides a timely snapshot of the direction and pace of change in the U.S. job market. It is used to evaluate the strength and momentum of economic expansion or contraction.
Methodology
The data is calculated from the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and investors closely monitor this trend to gauge labor market health and inform economic forecasting and monetary/fiscal policy decisions.
Key Facts
- The growth rate averaged 0.6% in 2022.
- Employment growth slowed in Q4 2022 compared to earlier in the year.
- The metric reached a record high of 4.7% in Q2 2020 following pandemic disruptions.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Seasonally Adjusted' metric measures the quarter-over-quarter percent change in U.S. employment.
Q: Why is this trend relevant for users or analysts?
A: This employment growth rate is a closely watched indicator of labor market conditions and economic momentum that informs policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated from the Current Employment Statistics (CES) survey conducted monthly by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this metric to assess the strength of the job market and broader economic conditions, which informs monetary and fiscal policy actions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, 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, Seasonally Adjusted (G7LFEM24TTGPSAQ), retrieved from FRED.