Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Ireland
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM55TTIEQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
-55.31%
Date Range
7/1/1999 - 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 percentage change in total non-farm employment from one quarter to the next. This indicator is widely used by economists and policymakers to assess the health and trajectory of the broader economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The current annualized growth rate is 3.2%.
- Employment growth has slowed from a peak of 6.5% in 2021.
- The labor force participation rate stands at 62.2%.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the quarter-over-quarter percentage change in total non-farm employment, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a crucial indicator of the overall health and momentum of the U.S. economy, providing insights for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this trend to inform monetary policy decisions and assess the state of the labor market.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical one-month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM55TTIEQ657S), retrieved from FRED.