Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Estonia
Growth rate previous period, Annual, Seasonally Adjusted
LFACTTTTEEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.40
Year-over-Year Change
-561.84%
Date Range
1/1/1990 - 1/1/2022
Summary
The annual growth rate of employment, seasonally adjusted, measures the year-over-year change in the total number of employed persons in the United States. This key economic indicator provides insights into the strength and trajectory of the 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
The annual growth rate of employment is a widely-followed metric that tracks the percentage change in the total number of employed individuals compared to the same period a year earlier. It serves as an important barometer of economic health and helps policymakers and analysts assess the performance of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
The employment growth rate is closely monitored by the Federal Reserve and other economic policymakers to inform decisions on monetary policy and employment initiatives.
Key Facts
- The U.S. employment growth rate averaged 1.7% annually from 2010 to 2019.
- Employment growth slowed to 0.1% in 2020 due to the COVID-19 pandemic.
- The employment growth rate reached a high of 3.7% in 2014.
FAQs
Q: What does this economic trend measure?
A: The annual growth rate of employment, seasonally adjusted, measures the year-over-year change in the total number of employed persons in the United States.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of the strength and direction of the labor market, providing important insights for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely monitored by the Federal Reserve and other economic policymakers to inform decisions on monetary policy and employment initiatives.
Q: Are there update delays or limitations?
A: The employment growth rate data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFACTTTTEEA657S), retrieved from FRED.