Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Luxembourg
Growth rate previous period, Annual, Seasonally Adjusted
LFEM55TTLUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.75
Year-over-Year Change
-109.89%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic indicator measures the year-over-year growth rate of total employment in the U.S. It is a key metric for assessing the overall health and momentum 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 employment growth rate tracks the annual change in the total number of people employed in the United States. Economists and policymakers closely monitor this indicator to gauge the strength and trajectory of the broader economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
The employment growth rate informs decisions around monetary and fiscal policy, as well as business investment and hiring strategies.
Key Facts
- The U.S. employment growth rate averaged 1.7% annually from 1950 to 2022.
- Employment growth is a leading indicator of overall economic performance.
- Sustained employment growth above 1% is generally considered a sign of a healthy economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate in total employment across the United States.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key metric for evaluating the strength and trajectory of the broader economy, informing decisions around monetary and fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely monitored by economists and policymakers to gauge the overall health of the labor market and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The employment growth rate data is released monthly with a typical delay of 1-2 weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM55TTLUA657S), retrieved from FRED.