Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Slovak Republic
Growth rate previous period, Annual, Seasonally Adjusted
LFEM55FESKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.07
Year-over-Year Change
-56.08%
Date Range
1/1/2000 - 1/1/2022
Summary
This economic indicator measures the year-over-year growth rate of the labor force, providing insights into labor market dynamics and potential workforce changes.
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 represents the percent change in the total civilian labor force over the past 12 months. This metric is widely used by economists and policymakers to analyze labor market trends and assess the underlying strength of the overall economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
This labor force growth rate is a key input for assessing the health of the job market and making informed economic policy decisions.
Key Facts
- The labor force grew by 2.1% in 2022.
- Rapid labor force growth can signal a strong economy.
- Slowing growth may indicate tightening labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percent change in the total civilian labor force, providing insights into labor market dynamics and potential workforce changes.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key economic indicator used by policymakers and analysts to assess the health of the job market and make informed decisions about economic policy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force growth rate is a crucial input for evaluating the overall strength of the economy and guiding decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month, and it is subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM55FESKA657S), retrieved from FRED.