Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Australia
Growth rate previous period, Monthly, Not Seasonally Adjusted
LFEM55TTAUM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
63.95%
Date Range
3/1/1978 - 11/1/2023
Summary
This economic trend measures the month-over-month growth rate in employment, without seasonal adjustments. It provides a timely indicator of changes in 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, monthly, not seasonally adjusted series tracks the percent change in total employment from the prior month. This metric offers an unfiltered view of employment dynamics, which can help economists and policymakers assess the underlying health of the job market.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of businesses.
Historical Context
This employment growth metric is widely followed by analysts to gauge the momentum of the U.S. economy.
Key Facts
- Employment growth averaged 0.2% per month in 2022.
- The strongest monthly gain was 1.1% in March 2022.
- Employment remains below pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the month-over-month percent change in total U.S. employment, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The unfiltered employment growth rate provides a timely snapshot of labor market dynamics, which is crucial for assessing the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this employment growth metric to gauge the momentum of the U.S. economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly by the U.S. Bureau of Labor Statistics, with a typical lag of about one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Not Seasonally Adjusted (LFEM55TTAUM657N), retrieved from FRED.