Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Denmark
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM55MADKQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.18
Year-over-Year Change
-24.38%
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 labor market performance and economic conditions in the United States.
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, and seasonally adjusted series tracks the percentage change in total non-farm employment from the previous quarter. This metric is widely used by economists, policymakers, and analysts to assess the strength and trajectory of the U.S. job market.
Methodology
The U.S. Bureau of Labor Statistics collects employment data through household and establishment surveys to calculate this seasonally adjusted growth rate.
Historical Context
Monitoring employment growth is crucial for understanding the overall health of the economy and informing fiscal and monetary policy decisions.
Key Facts
- The U.S. economy added 315,000 jobs in August 2022.
- The unemployment rate stood at 3.7% in August 2022.
- Hiring has remained robust despite concerns about a potential recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in total non-farm employment in the United States, providing insight into the strength of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a crucial indicator of economic health and a key input for policymakers, businesses, and investors in their decision-making processes.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects employment data through household and establishment surveys, and then calculates the seasonally adjusted quarter-over-quarter growth rate.
Q: How is this trend used in economic policy?
A: Monitoring employment growth is essential for the Federal Reserve and other policymakers in assessing the state of the economy and informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This data is released monthly by the Bureau of Labor Statistics, with a typical one-month delay between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM55MADKQ657S), retrieved from FRED.