Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Austria
Persons, Annual, Seasonally Adjusted
LFEM24TTATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
465,450.00
Year-over-Year Change
-11.68%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Persons, Annual, Seasonally Adjusted' trend measures the total number of employed persons in the U.S. economy on an annual basis. This key labor market indicator provides insights into the overall strength and health of the American 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
This economic time series represents the total number of employed individuals in the United States on an annual, seasonally adjusted basis. It is a widely referenced metric used by economists, policymakers, and analysts to gauge the current state and trajectory of the U.S. labor market.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly household surveys.
Historical Context
This employment trend is closely watched by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. employed over 158 million people in 2021.
- Employment levels fluctuate with economic cycles.
- The services sector accounts for the majority of U.S. employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed persons in the United States on an annual, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The employment level is a key indicator of the overall health and strength of the U.S. economy, making this trend highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly household surveys.
Q: How is this trend used in economic policy?
A: The employment trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The employment data is released monthly with a short lag, providing timely insights into labor market conditions.
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Citation
U.S. Federal Reserve, Persons, Annual, Seasonally Adjusted (LFEM24TTATA647S), retrieved from FRED.