Infra-Annual Labor Statistics: Employment Total: 15 Years or over for G7
Growth rate previous period, Seasonally Adjusted
G7LFEMTTTTGPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
-88.44%
Date Range
4/1/2003 - 10/1/2023
Summary
The Growth Rate Previous Period, Seasonally Adjusted measures the quarter-over-quarter change in total employment, providing insights into the strength of the U.S. labor market.
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 economic indicator tracks the percentage change in total nonfarm employment from the previous quarter, adjusting for seasonal variations. It is a key statistic used by economists and policymakers to evaluate the health and momentum of the U.S. economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses.
Historical Context
The employment growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The U.S. employment growth rate averaged 0.5% quarterly from 2010 to 2019.
- Employment growth decelerated sharply during the COVID-19 pandemic, contracting by over 6% in Q2 2020.
- The employment growth rate rebounded to over 1% by Q4 2020 as the economy recovered.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Seasonally Adjusted measures the quarter-over-quarter percent change in total nonfarm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment growth rate is a key indicator of the strength and momentum of the U.S. labor market, providing valuable insights for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions and assess the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The employment growth rate data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Seasonally Adjusted (G7LFEMTTTTGPSAQ), retrieved from FRED.