Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Sweden
Growth rate previous period, Annual, Seasonally Adjusted
LFEM24TTSEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.05
Year-over-Year Change
311.30%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of employment, adjusted for seasonal variations. It provides insight into the strength and direction 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 employment growth rate is a key indicator used by economists and policymakers to assess the overall health of the U.S. economy. It tracks changes in the number of people employed, which reflects economic activity and consumer demand.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The employment growth rate informs economic forecasting and guides decisions on fiscal and monetary policy.
Key Facts
- The U.S. employment growth rate averaged 1.5% from 1950 to 2022.
- Employment growth is a leading indicator of economic activity.
- Sustained high employment growth can signal inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the number of employed persons in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a crucial indicator of the overall health of the labor market and the broader economy. It provides insight into consumer demand, business confidence, and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment growth rate informs decisions on fiscal and monetary policy, as it reflects the strength of the labor market and overall economic conditions.
Q: Are there update delays or limitations?
A: The employment growth rate data is published monthly with a lag of approximately one month, as it relies on the Current Population Survey.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM24TTSEA657S), retrieved from FRED.