Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Estonia
Growth rate previous period, Annual, Seasonally Adjusted
LFEM55TTEEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.24
Year-over-Year Change
-127.44%
Date Range
1/1/2001 - 1/1/2022
Summary
This economic indicator measures the year-over-year growth rate of the labor force, a key metric for understanding employment trends and workforce dynamics.
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 labor force growth rate tracks the annual percentage change in the total civilian labor force, including both employed and unemployed individuals actively seeking work. Economists and policymakers closely monitor this indicator to assess the health and expansion of the overall workforce.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on its monthly Current Population Survey.
Historical Context
The labor force growth rate provides important context for interpreting employment reports and labor market conditions.
Key Facts
- The U.S. labor force totaled over 164 million people in 2022.
- Annual labor force growth averaged 0.5% from 2018-2022.
- Labor force participation reached 62.2% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The labor force growth rate tracks the annual percentage change in the total civilian labor force, including both employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers closely monitor the labor force growth rate to assess the health and expansion of the overall workforce, which provides important context for interpreting employment reports and labor market conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on its monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: The labor force growth rate is a key input for economists and policymakers analyzing employment trends and workforce dynamics, informing decisions around fiscal, monetary, and labor market policies.
Q: Are there update delays or limitations?
A: The labor force growth rate data is published monthly with a short lag, providing timely insights into workforce trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM55TTEEA657S), retrieved from FRED.