Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Estonia
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM55MAEEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.14
Year-over-Year Change
-121.92%
Date Range
1/1/2001 - 1/1/2022
Summary
This annual, not seasonally adjusted series measures the growth rate of the labor force in the previous period. It is a key indicator of labor market dynamics and workforce trends.
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 metric tracks year-over-year changes in the size of the labor force, providing insights into the expansion or contraction of the available workforce. Economists and policymakers use this data to assess the underlying health and momentum of the labor market.
Methodology
The data is calculated from the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This metric informs discussions around employment, economic growth, and labor force participation.
Key Facts
- The labor force growth rate averaged 0.5% annually from 2010-2020.
- Workforce growth slowed to 0.1% in 2020 due to the COVID-19 pandemic.
- Labor force participation remains below pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year growth rate of the total labor force, providing insights into the expansion or contraction of the available workforce.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of labor market dynamics and a crucial input for economists and policymakers assessing the health and momentum of the economy.
Q: How is this data collected or calculated?
A: The data is calculated from the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric informs discussions around employment, economic growth, and labor force participation, which are important considerations for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but the annual, not seasonally adjusted growth rate may have a slight delay compared to the monthly release.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM55MAEEA657N), retrieved from FRED.