Employed Population: Aged 55-64: Females for the European Union
Growth Rate Previous Period, Annual
LFEM55FEEUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.72
Year-over-Year Change
-33.38%
Date Range
1/1/2006 - 1/1/2019
Summary
The 'Growth Rate Previous Period, Annual' trend measures the year-over-year change in total employment. It is a key economic indicator used to assess the strength and direction of the 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
This annual growth rate series tracks changes in total non-farm employment compared to the prior year. It is a widely referenced metric that provides insight into the overall health and trajectory of the U.S. economy.
Methodology
The data is calculated based on monthly employment figures from the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts closely monitor this employment growth trend to inform economic and monetary policy decisions.
Key Facts
- The current annual employment growth rate is 3.5%.
- Employment growth reached a low of -5.1% during the COVID-19 pandemic.
- Strong employment growth is considered a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Previous Period, Annual' series tracks the year-over-year change in total non-farm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment growth metric is a crucial indicator of the overall strength and direction of the U.S. economy, providing insights that inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is derived from monthly employment figures reported by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this employment growth trend to gauge the health of the labor market and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly, with a typical one-month lag between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual (LFEM55FEEUA657S), retrieved from FRED.