Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Austria
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM55MAATQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.78
Year-over-Year Change
-69.01%
Date Range
4/1/1999 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of employment, a key indicator of the strength and trajectory 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, quarterly, seasonally adjusted statistic provides a snapshot of the pace of change in total employment, offering insights into the overall health and dynamism of the economy.
Methodology
The data is calculated from the Current Population Survey (CPS) conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
This employment growth metric is closely watched by policymakers, economists, and market analysts to assess economic conditions and inform decision-making.
Key Facts
- Employment growth averaged 0.6% per quarter in 2022.
- The fastest quarterly growth rate was 1.2% in Q2 2021.
- Negative growth occurred during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric measures the quarter-over-quarter percentage change in total employment, providing insights into the pace of job creation and labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a crucial indicator of economic health and is closely monitored by policymakers, businesses, and investors to assess the strength and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is derived from the Current Population Survey (CPS), a monthly household 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 employment growth rate is a key input for the Federal Reserve and other policymakers in evaluating the state of the labor market and making decisions about monetary policy and other economic interventions.
Q: Are there update delays or limitations?
A: The employment growth data is released on a quarterly basis, with a typical lag of one to two months following the end of the reference period.
Related Trends
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM55MAATQ657S), retrieved from FRED.