Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Portugal
Growth rate previous period, Annual, Seasonally Adjusted
LFEM24TTPTA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.52
Year-over-Year Change
-179.52%
Date Range
1/1/1999 - 1/1/2022
Summary
This metric tracks the year-over-year growth rate of the total labor force, adjusted for seasonal variations. It provides insights into the overall size and momentum of the U.S. 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 indicates the annual percentage change in the total number of people employed or actively seeking employment in the United States. It is a key indicator of the economy's capacity for expansion and can inform workforce and economic policy decisions.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the strength and direction of the U.S. labor market.
Key Facts
- The U.S. labor force growth rate averaged 0.7% annually from 2010 to 2020.
- The rate reached a high of 1.2% in 2015 and a low of 0.1% in 2011.
- Changes in the labor force growth rate can indicate shifts in workforce participation and economic activity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percentage change in the total U.S. labor force, which includes employed individuals and those actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of the economy's capacity for expansion and can inform workforce and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength and direction of the U.S. labor market, which can inform decisions related to employment, workforce development, and economic growth strategies.
Q: Are there update delays or limitations?
A: The labor force growth rate data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM24TTPTA657S), retrieved from FRED.