Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Ireland
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM25TTIEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.32
Year-over-Year Change
-311.34%
Date Range
1/1/2001 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of employment for 25-54 year olds. It provides insight into the strength and momentum of the prime-age labor force.
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, not seasonally adjusted metric tracks the change in employment for 25-54 year olds compared to the same period in the prior year. This indicator offers a high-level view of trends in prime-age labor force participation and is widely used by economists and policymakers.
Methodology
The data is calculated from the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This metric informs economic analysis and policy decisions related to the health of the labor market.
Key Facts
- The annual growth rate reached a high of 2.4% in 2015.
- Employment growth for 25-54 year olds slowed to 0.2% in 2020 due to the COVID-19 pandemic.
- This indicator is closely watched by the Federal Reserve and other policymakers.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year growth rate of employment for individuals aged 25 to 54 years old.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of prime-age employment is a key indicator of labor market strength and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is derived from the Current Population Survey conducted monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess labor market conditions and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks following the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM25TTIEA657N), retrieved from FRED.