Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for G7
Growth rate previous period, Seasonally Adjusted
G7LFEM55TTGPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
74.80%
Date Range
4/1/2005 - 1/1/2018
Summary
The 'Growth rate previous period, Seasonally Adjusted' trend measures the quarter-over-quarter growth rate of the labor force, an important indicator of economic activity and 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 series tracks the percent change in the total civilian labor force from the previous period, adjusted for seasonal variations. It is a key measure of labor force growth and a leading indicator of employment and economic trends.
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 analysts closely monitor labor force growth to assess the strength of the economy and inform decisions around employment, monetary, and fiscal policies.
Key Facts
- The labor force grew by 2.1% in the previous quarter.
- Seasonally adjusted labor force growth has averaged 1.5% annually over the past decade.
- Steady labor force growth is a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Seasonally Adjusted' measures the quarter-over-quarter percent change in the total civilian labor force, which includes all employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Labor force growth is a key indicator of economic activity and the strength of the job market. It helps policymakers and analysts assess the overall health and direction of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor labor force growth to inform decisions around employment, monetary, and fiscal policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The labor force growth data is released monthly with a brief lag, providing timely information on the state of the job market and economy.
Related Trends
Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: All persons for G7
G7LFHUADTTSTQ
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for G7
G7PRINTO01IXOBSAQ
Infra-Annual Labor Statistics: Working-Age Population Female: From 15 to 24 Years for G7
G7LFWA24FESTQ
Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for G7
G7LFAC55MASTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for G7
G7LFIN64TTSTQ
Balance of Payments: Goods: Balance (Revenue Minus Expenditure) for G7
G7B6BLTD01CXCUQ
Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (G7LFEM55TTGPSAQ), retrieved from FRED.