Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Sweden
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM55TTSEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.23
Year-over-Year Change
-533.92%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures the annual growth rate of the labor force in the United States, providing insights into the size and dynamics of the national workforce.
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 labor force growth rate tracks the year-over-year change in the total number of working-age individuals employed or actively seeking employment. This metric is a key indicator of the health and expansion of the U.S. economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists closely monitor labor force growth to assess the availability of human capital and potential for economic expansion.
Key Facts
- The U.S. labor force grew by 0.9% in 2021.
- Labor force growth slowed to 0.1% in 2020 due to the COVID-19 pandemic.
- Positive labor force growth is a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of the total U.S. labor force, which includes all working-age individuals who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of the overall health and expansion potential of the U.S. economy, as it reflects the availability of human capital for production and economic activity.
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 on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor labor force growth to assess the economy's capacity for expansion and to inform decisions on workforce development, immigration, and other policies affecting the labor market.
Q: Are there update delays or limitations?
A: The labor force growth rate data is updated monthly and has a typical release delay of about two weeks. The data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM55TTSEA657N), retrieved from FRED.