Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Australia
Growth rate previous period, Monthly, Not Seasonally Adjusted
LFEM24MAAUM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.37
Year-over-Year Change
21.68%
Date Range
3/1/1978 - 11/1/2023
Summary
This economic indicator measures the month-over-month growth rate in total employment, without seasonal adjustments. It provides insight into the underlying employment trends in 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
The growth rate previous period, monthly, not seasonally adjusted metric tracks the percentage change in total employment from one month to the next. This unadjusted figure helps economists and policymakers analyze the raw employment situation without the effects of typical seasonal hiring patterns.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment growth metric is widely used to assess the strength of the U.S. labor market and inform economic and monetary policy decisions.
Key Facts
- Employment growth averaged 0.3% per month in 2022.
- The fastest monthly growth was 1.2% in March 2022.
- Slowest growth was 0.1% in December 2022.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the month-over-month percentage change in total U.S. employment, without any seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The unadjusted employment growth rate provides insight into the underlying labor market conditions, helping economists and policymakers assess the strength of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment growth metric is widely used to evaluate the health of the U.S. labor market and inform decisions on economic and monetary policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical delay of about 3-4 weeks after the end of the reference period.
Related Trends
Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Australia
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Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Australia
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Total Reserves excluding Gold for Australia
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Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Australia
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Not Seasonally Adjusted (LFEM24MAAUM657N), retrieved from FRED.