Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Hungary
Growth rate previous period, Annual, Seasonally Adjusted
LFEM24MAHUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.50
Year-over-Year Change
53.97%
Date Range
1/1/2000 - 1/1/2022
Summary
This economic trend measures the annual growth rate of employment in the United States, adjusted for seasonal variations. It provides important insights into the strength and dynamics 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 statistic tracks the year-over-year change in total non-farm employment levels in the U.S. This metric is widely used by economists and policymakers to assess the health and trajectory of the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on establishment surveys.
Historical Context
This employment growth trend is a key input for monetary and fiscal policy decisions.
Key Facts
- Employment growth averaged 1.4% annually from 2010-2019.
- The COVID-19 pandemic caused employment to contract by 5.8% in 2020.
- Manufacturing sector employment growth has lagged the overall economy since the 2008 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in total non-farm employment levels in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a crucial indicator of overall economic health and strength of the labor market, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on establishment surveys.
Q: How is this trend used in economic policy?
A: This employment growth trend is a key input for monetary and fiscal policy decisions made by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and 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 (LFEM24MAHUA657S), retrieved from FRED.