Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Estonia
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM55TTEEQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.76
Year-over-Year Change
-2748.76%
Date Range
4/1/2000 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of employment, adjusted for seasonal variations. It provides key insights into the strength and momentum 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 the pace of change in total employment from one quarter to the next. This high-frequency data point is widely followed by economists, policymakers, and market analysts to assess the health and trajectory of the overall job market.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on their monthly employment surveys.
Historical Context
This employment growth metric is a critical input for Federal Reserve policy decisions and a barometer for consumer and business confidence.
Key Facts
- Quarterly employment growth averaged 0.6% from 1948 to 2022.
- The highest quarterly growth rate on record was 5.7% in Q3 2020.
- Employment growth turned negative during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the quarter-over-quarter percent change in total U.S. employment, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key barometer of economic health and a critical input for Federal Reserve policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on their monthly surveys of employers.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess labor market conditions and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The employment growth data is released quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM55TTEEQ657S), retrieved from FRED.