Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Canada
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM55TTCAQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
-78.41%
Date Range
4/1/1976 - 10/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of the civilian labor force, adjusted for seasonal variations. It provides key insights into the dynamics of 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, quarterly, seasonally adjusted metric tracks changes in the size of the civilian labor force on a quarterly basis, accounting for predictable seasonal patterns. This indicator offers valuable context for analyzing broader employment trends and the health of the overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of U.S. households.
Historical Context
Policymakers and analysts closely monitor this metric to inform decisions and forecasts related to monetary policy, fiscal stimulus, and labor market interventions.
Key Facts
- The labor force grew 0.7% in Q2 2022.
- The U.S. labor force totaled 164.9 million in July 2022.
- Quarterly labor force growth averaged 0.4% from 2010-2019.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the quarter-over-quarter growth rate of the U.S. civilian labor force, with seasonal adjustments to account for predictable variations.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate provides important insights into the overall health and dynamics of the U.S. job market, which is a key driver of economic activity and a focus for policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of U.S. households and calculated as the quarter-over-quarter percent change in the civilian labor force.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to inform decisions and forecasts related to monetary policy, fiscal stimulus, and other labor market interventions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Labor Statistics, with a typical 1-2 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM55TTCAQ657S), retrieved from FRED.