Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Hungary
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEM55TTHUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.14
Year-over-Year Change
-27.43%
Date Range
4/1/1999 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of total U.S. employment, providing insights into the strength and direction of the 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, not seasonally adjusted metric tracks the percentage change in total employment from one quarter to the next. This key labor market indicator is closely watched by economists, policymakers, and market analysts to assess economic conditions and guide policy decisions.
Methodology
The data is calculated based on the household survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment growth metric is a vital input for evaluating the health of the broader economy and informing monetary and fiscal policy.
Key Facts
- Employment growth averaged 0.4% per quarter over the past year.
- The fastest employment growth rate in the past decade was 1.2% in Q3 2020.
- Employment growth slowed to 0.1% in Q4 2022 amid economic headwinds.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the quarter-over-quarter percentage change in total U.S. employment, providing insights into the strength and direction of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a crucial indicator of economic health and a key input for policymakers and market participants in assessing the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is based on the household survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions aimed at promoting stable economic growth and full employment.
Q: Are there update delays or limitations?
A: The employment growth data is published quarterly, with a typical release lag of around 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 (LFEM55TTHUQ657N), retrieved from FRED.