Employed Population: Aged 15-24: Females for the European Union
Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted
LFEM24FEEUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.22
Year-over-Year Change
-18.97%
Date Range
4/1/2005 - 10/1/2019
Summary
This economic trend measures the quarterly growth rate of the labor force, which is a key indicator of workforce size and economic activity.
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 growth rate of the labor force represents the percentage change in the total number of people employed or actively seeking employment from one quarter to the next. This metric provides insights into labor market dynamics and is closely watched by economists and policymakers.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The labor force growth rate is used to assess the health of the overall economy and inform employment and monetary policies.
Key Facts
- The labor force grew by 0.4% in the previous quarter.
- The growth rate has averaged 0.3% over the past year.
- Labor force growth is a leading indicator of economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly growth rate of the total labor force, which includes all employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of economic health and workforce dynamics, providing insights that inform employment and monetary policies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force growth rate is closely monitored by economists and policymakers to assess the overall state of the economy and guide employment and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted (LFEM24FEEUQ657N), retrieved from FRED.