Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Turkiye
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEM24TTTRQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.46
Year-over-Year Change
-63.43%
Date Range
1/1/2006 - 7/1/2023
Summary
This economic trend measures the quarterly growth rate of employment compared to the previous period, without seasonal adjustments. It provides insights into the underlying labor market dynamics.
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, Quarterly, Not Seasonally Adjusted trend tracks the quarter-over-quarter percentage change in employment levels. This unadjusted metric is useful for analyzing employment trends and understanding the broader economic landscape.
Methodology
The data is collected through the Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
This trend is widely referenced by economists, policymakers, and market analysts to gauge the strength and direction of the U.S. labor market.
Key Facts
- The trend reached a low of -5.9% in Q2 2020 due to the COVID-19 pandemic.
- It has rebounded to over 3% growth in recent quarters as the economy has recovered.
- Unadjusted employment growth data can be more volatile than seasonally adjusted figures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in employment levels in the U.S. without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The unadjusted employment growth rate provides insights into the underlying labor market dynamics, which is crucial for understanding the broader economic landscape.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by economists, policymakers, and market analysts to gauge the strength and direction of the U.S. labor market, which is a key input for economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have a short publication delay, but it provides a timely, unadjusted view of employment growth trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEM24TTTRQ657N), retrieved from FRED.