Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for United States
Growth rate previous period, Annual, Seasonally Adjusted
LFACTTTTUSA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.72
Year-over-Year Change
-1074.63%
Date Range
1/1/1960 - 1/1/2023
Summary
The growth rate previous period, annual, seasonally adjusted, measures the year-over-year change in economic activity. This metric is a key indicator used by policymakers and analysts to gauge 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
This economic indicator represents the annual percentage change in a broad measure of economic output, adjusted for seasonal variations. It provides insight into the trajectory of the economy and is a valuable tool for understanding the nation's economic performance over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic accounts.
Historical Context
Economists and policymakers closely monitor this trend to inform decision-making and policy actions aimed at promoting economic growth and stability.
Key Facts
- The growth rate reached a high of 6.9% in 2021.
- This metric declined to 2.7% in 2022 as the economy slowed.
- The long-term average growth rate is approximately 2.5% annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in a broad measure of U.S. economic output, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The growth rate previous period is a crucial indicator of the overall health and momentum of the U.S. economy, providing valuable insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys and economic accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to inform decision-making and policy actions aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, with minimal delays. However, the data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFACTTTTUSA657S), retrieved from FRED.