Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Sweden
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM24MASEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.10
Year-over-Year Change
339.30%
Date Range
1/1/2002 - 1/1/2022
Summary
This metric tracks the year-over-year growth rate of the U.S. labor force. Economists use it to assess changes in the size and composition of the national workforce.
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 labor force growth rate measures the annual percent change in the total number of people employed or actively seeking work in the United States. It is a key indicator of the dynamism and capacity of the U.S. labor market.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on monthly household surveys.
Historical Context
This trend informs policymakers and analysts about the underlying strength and potential of the American economy.
Key Facts
- The U.S. labor force grew by 0.3% in 2022.
- Labor force growth rates averaged 0.6% per year from 2010-2019.
- Declining growth can signal a tightening job market.
FAQs
Q: What does this economic trend measure?
A: The labor force growth rate tracks the annual percent change in the total number of employed and unemployed individuals actively participating in the U.S. labor market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size, dynamism, and potential of the U.S. workforce, which is a key driver of overall economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on monthly household surveys of the civilian non-institutional population.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor labor force growth to assess the health of the job market, evaluate the economy's productive capacity, and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The labor force growth rate data is published monthly with a lag of about one month. The data may be subject to revisions as more information becomes available.
Related Trends
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Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 74 Years for Sweden
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM24MASEA657N), retrieved from FRED.