Growth Rate Previous Period, Annual, Not Seasonally Adjusted
LFEM24FEO1A657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
208.71%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic trend measures the year-over-year growth rate of employment in the U.S. economy, providing insights into the strength and direction 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 Growth Rate Previous Period, Annual, Not Seasonally Adjusted series tracks the percent change in employment levels compared to the same period in the prior year. This metric is widely used by economists and policymakers to assess the underlying momentum of the U.S. job market.
Methodology
The data is calculated based on monthly employment figures from the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This trend is a key input for analysts and policymakers monitoring the broader health of the U.S. economy and evaluating the effectiveness of fiscal and monetary policies.
Key Facts
- The series tracks year-over-year percent change in U.S. employment.
- It provides insight into the momentum and direction of the job market.
- The data is not seasonally adjusted, reflecting raw year-over-year changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of employment in the U.S. economy, providing insights into the strength and direction of the labor market.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess the underlying momentum of the U.S. job market and evaluate the effectiveness of economic policies.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly employment figures from the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: This trend is a key input for analysts and policymakers monitoring the broader health of the U.S. economy and evaluating the effectiveness of fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, providing timely insights into labor market trends.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (LFEM24FEO1A657S), retrieved from FRED.