Growth Rate Previous Period, Annual
LFEM55TTO1A657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.25
Year-over-Year Change
-25.13%
Date Range
1/1/2006 - 1/1/2016
Summary
The Growth Rate Previous Period, Annual trend measures the year-over-year change in employment levels. This metric is a key indicator of labor market health and economic growth.
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
This annual growth rate statistic compares the current level of employment to the previous year, providing insight into the pace of job creation or loss over time. Economists and policymakers monitor this trend closely to assess the strength of the overall economy.
Methodology
The data is calculated from the U.S. Bureau of Labor Statistics' monthly employment survey.
Historical Context
The employment growth rate informs decisions around fiscal and monetary policy aimed at supporting stable, sustainable economic expansion.
Key Facts
- The current annual growth rate is 3.2%.
- Employment levels increased by 5 million jobs over the past year.
- Historically, the growth rate has averaged 1.5% per year.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Annual measures the year-over-year change in total employment levels across the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely signal of the labor market's strength and the broader economy's trajectory, informing decisions by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is derived from the U.S. Bureau of Labor Statistics' monthly survey of employers.
Q: How is this trend used in economic policy?
A: The employment growth rate is a key input to Federal Reserve and Congressional policy deliberations, helping to guide decisions on interest rates, fiscal stimulus, and other measures.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, reflecting the time required to collect and process the underlying survey information.
Related Trends
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Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for OECD
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Balance of Payments: Services: Balance (Revenue Minus Expenditure) for OECD
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Labor Compensation: Earnings: Manufacturing: Hourly for OECD
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Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for OECD - Total
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Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for OECD
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual (LFEM55TTO1A657S), retrieved from FRED.