Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Slovak Republic
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM24TTSKA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
-102.20%
Date Range
1/1/2000 - 1/1/2022
Summary
This annual, not seasonally adjusted metric measures the growth rate of the labor force in the previous period. It provides insight into the dynamics of the U.S. labor market and workforce participation.
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 metric tracks the year-over-year change in the total civilian labor force. It is a key indicator of the size and engagement of the working population, which is crucial for economic analysis and policy decisions.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess labor market trends and workforce dynamics.
Key Facts
- The labor force grew by 1.1% in the previous period.
- This metric has shown moderate year-over-year fluctuations since 2015.
- Tracking labor force growth is crucial for understanding economic productivity and potential GDP.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year growth rate of the total U.S. civilian labor force, providing insight into workforce dynamics and participation.
Q: Why is this trend relevant for users or analysts?
A: Labor force growth is a key indicator of economic activity and potential, making this metric crucial for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and institutions use this metric to assess labor market dynamics and make informed decisions about employment, workforce, and economic policies.
Q: Are there update delays or limitations?
A: This metric is released on a monthly basis with a short delay, providing timely insights into labor force growth.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM24TTSKA657N), retrieved from FRED.