Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Turkiye
Growth rate previous period, Annual, Seasonally Adjusted
LFEM25TTTRA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.05
Year-over-Year Change
-7.00%
Date Range
1/1/2006 - 1/1/2022
Summary
This economic indicator measures the year-over-year change in the total number of employed persons in the U.S. labor force. It provides insight into the strength and resilience of the American job 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 statistic tracks the percentage change in total employment compared to the same period one year earlier. This metric is closely watched by economists, policymakers, and market analysts as a gauge of economic health and the labor force's trajectory.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly surveys of households.
Historical Context
Policymakers and central banks use this indicator to inform decisions on interest rates, fiscal policy, and other measures aimed at promoting full employment.
Key Facts
- The annual growth rate in U.S. employment reached a high of 4.6% in 2021.
- Employment growth turned negative during the COVID-19 pandemic in 2020.
- The 10-year average annual growth rate in U.S. employment is around 1.5%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percent change in the total number of employed persons in the U.S. labor force.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic health and the strength of the labor market, closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly surveys of households.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this indicator to inform decisions on interest rates, fiscal policy, and other measures aimed at promoting full employment.
Q: Are there update delays or limitations?
A: The data is released monthly with a short publication lag, providing timely insights into employment trends.
Related Trends
Infra-Annual Labor Statistics: Inactivity Rate Female: From 15 to 74 Years for Turkiye
LRIN74FETRQ156S
Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Turkiye
LFEAMNTTTRQ647S
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Turkey
CPGREN01TRQ657N
Harmonized Index of Consumer Prices: Gas for Turkey
CP0452TRM086NEST
Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Turkey
TURFCBODCANUM
Consumer Price Index: Health (COICOP 06): Total for Turkey
TURCP060000IXNBM
Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM25TTTRA657S), retrieved from FRED.