Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Australia
Growth rate previous period, Annual, Seasonally Adjusted
LFEM24MAAUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.71
Year-over-Year Change
77180.76%
Date Range
1/1/1980 - 1/1/2022
Summary
This economic indicator measures the year-over-year growth rate of employment, providing insights into the strength 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, seasonally adjusted represents the percent change in employment compared to the same period a year earlier, with seasonal fluctuations removed. This metric is widely used by economists and policymakers to assess economic conditions and guide employment-related decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of employers.
Historical Context
This employment growth metric informs federal monetary and fiscal policy decisions.
Key Facts
- The current annual growth rate is XX.X%.
- Employment growth has remained above X% for the past Y quarters.
- Historically, this metric has ranged from a low of -X% to a high of Y%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percent change in employment, providing insights into the strength of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a crucial indicator of economic health and helps inform policy decisions related to monetary policy, fiscal policy, and labor market interventions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of employers.
Q: How is this trend used in economic policy?
A: This employment growth metric is closely monitored by the Federal Reserve and other policymakers to assess the state of the economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM24MAAUA657S), retrieved from FRED.