Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Switzerland
Growth rate previous period, Annual, Seasonally Adjusted
LFEM24TTCHA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.84
Year-over-Year Change
-63.74%
Date Range
1/1/2006 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate in total employment in the United States. It provides insight into the strength and trajectory of the U.S. 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 measures the percent change in total employment compared to the same month of the prior year. This key indicator helps economists and policymakers assess the overall health and dynamics of the U.S. workforce.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through a monthly survey of businesses and households.
Historical Context
Policymakers closely monitor this employment growth trend to inform decisions around monetary and fiscal policy.
Key Facts
- Employment growth has averaged 1.5% annually over the past decade.
- The fastest growth rate in the last 20 years was 3.1% in 1999.
- Employment growth turned negative during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in total employment in the United States, providing insight into the strength of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic health and a critical input for policymakers and analysts assessing the overall state of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor employment growth trends to inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The employment growth data is published monthly with a short lag, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM24TTCHA657S), retrieved from FRED.