Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Australia
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEM55TTAUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.06
Year-over-Year Change
-103.84%
Date Range
7/1/1978 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate in employment for the U.S. labor force. It provides valuable insights into the pace of labor market changes and is closely watched by economists and policymakers.
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, not seasonally adjusted trend tracks the percentage change in total employment from the prior quarter. It offers a timely, unfiltered view of employment dynamics that can inform economic forecasting and policy decisions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This metric is used to assess the strength and direction of the U.S. labor market, which is a key factor in Federal Reserve monetary policy and broader economic policymaking.
Key Facts
- The trend reached a record high of 1.7% in Q2 2020.
- Employment growth turned negative during the COVID-19 pandemic.
- Sustained positive growth signals a strengthening labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in total U.S. employment, providing an unfiltered view of labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a closely watched indicator that offers insights into the strength and direction of the labor market, which is a key driver of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: This metric is used by the Federal Reserve and other policymakers to assess the health of the labor market and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEM55TTAUQ657N), retrieved from FRED.