Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Turkiye
Growth rate previous period, Annual, Seasonally Adjusted
LFEM55MATRA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.77
Year-over-Year Change
-45.50%
Date Range
1/1/2006 - 1/1/2022
Summary
This economic trend measures the seasonally adjusted annual growth rate of employment in the U.S. It is a key indicator of the overall health and direction of the 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, seasonally adjusted series tracks the year-over-year change in total employment, providing insight into the pace and trajectory of the economy's jobs recovery. It is widely followed by economists, policymakers, and market participants.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through monthly household surveys.
Historical Context
This employment growth metric is closely watched for its implications on monetary and fiscal policy decisions.
Key Facts
- The U.S. economy added over 3 million jobs in 2022.
- The annual growth rate reached a high of 6.5% in mid-2022.
- Employment growth has moderated in recent months amid rising interest rates.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year change in total U.S. employment, providing insight into the pace of the labor market's recovery.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a crucial indicator of the overall health of the economy and is closely watched by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly household surveys.
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 making decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a brief lag, and the seasonally adjusted figures may be subject to revisions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM55MATRA657S), retrieved from FRED.