Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Denmark
Growth rate previous period, Annual, Seasonally Adjusted
LFEM25TTDKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.29
Year-over-Year Change
-205.53%
Date Range
1/1/2000 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate in total employment, adjusted for seasonal variations. It provides insight into the strength and direction 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 indicator tracks changes in total nonfarm employment compared to the same month in the prior year. This metric is a key barometer of overall economic health and a critical data point for policymakers and analysts.
Methodology
The data is calculated based on the U.S. Bureau of Labor Statistics' monthly employment situation report.
Historical Context
This employment growth trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. economy added 528,000 jobs in July 2022.
- The unemployment rate fell to 3.5% in July 2022.
- Nonfarm payroll employment has surpassed its pre-pandemic level.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year growth rate in total nonfarm employment, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a critical metric for assessing the strength of the U.S. labor market and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is based on the U.S. Bureau of Labor Statistics' monthly employment situation report.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this employment growth trend to inform their decisions on monetary policy and broader economic interventions.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly by the Bureau of Labor Statistics, with a typical lag of one to two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM25TTDKA657S), retrieved from FRED.