Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Canada
Growth rate previous period, Annual, Seasonally Adjusted
LFEM55MACAA657S • 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
The 'Growth rate previous period, Annual, Seasonally Adjusted' metric measures the year-over-year change in total employment. This key economic indicator provides insights into the overall strength and direction 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
This annual, seasonally adjusted growth rate tracks changes in total nonfarm employment compared to the previous year. It is a widely followed barometer of economic health and an important input for policymakers and analysts assessing the trajectory of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through its monthly employment surveys.
Historical Context
This metric is closely monitored by the Federal Reserve, economists, and market participants to gauge the pace of economic recovery and inform policy decisions.
Key Facts
- Annual employment growth averaged 1.4% from 2010-2019.
- Employment growth exceeded 2% in 2014 and 2015.
- The COVID-19 pandemic caused employment to contract by 5.7% in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year change in total nonfarm employment in the United States, providing insights into the overall strength of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of economic health and an important input for policymakers, economists, and market participants in assessing the trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through its monthly employment surveys.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this metric to gauge the pace of economic recovery and inform their policy decisions.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly by the Bureau of Labor Statistics, with a typical lag of one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM55MACAA657S), retrieved from FRED.