Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Canada
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM55MACAA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
-82.61%
Date Range
1/1/1977 - 1/1/2023
Summary
This annual, not seasonally adjusted economic trend measures the growth rate of employment from the previous period. It provides key insights into 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, Annual, Not Seasonally Adjusted series tracks the year-over-year change in total employment levels. Economists and policymakers use this data to analyze underlying employment trends and assess the health of the broader economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This metric is closely watched by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The current 12-month growth rate is 2.7%.
- This metric has averaged 1.6% over the past 10 years.
- Employment growth slowed to 0.3% during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in total U.S. employment levels on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic health and vitality. This metric allows economists and policymakers to track underlying labor market trends and assess the strength of the broader economy.
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.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this metric to inform monetary and fiscal policy decisions that aim to promote full employment and stable economic growth.
Q: Are there update delays or limitations?
A: This data is published monthly with a lag of approximately one month. The not seasonally adjusted nature of the series may result in higher volatility compared to seasonally adjusted measures.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM55MACAA657N), retrieved from FRED.