Infra-Annual Labor Statistics: Employment Female: From 15 to 64 Years for Luxembourg
Growth rate previous period, Annual, Seasonally Adjusted
LFEM64FELUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.44
Year-over-Year Change
-8.57%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic indicator measures the year-over-year growth rate of employment. It is a key metric used by economists and policymakers to assess the health and trajectory 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, annual, seasonally adjusted statistic tracks the percentage change in total employment compared to the same period the previous year. This provides important context on the pace of job creation and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through its monthly employment situation report.
Historical Context
This employment growth trend is widely referenced by the Federal Reserve, Congressional committees, and private sector analysts in evaluating monetary and fiscal policy decisions.
Key Facts
- Reached a high of 4.7% in 2021 as the economy rebounded from the COVID-19 pandemic.
- Fell to -6% in 2020 due to the impact of lockdowns and business closures.
- Has averaged around 1-2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percentage change in total employment in the United States on a seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a critical barometer of the overall health of the economy and labor market. This data point is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics compiles this data through its monthly survey of households and businesses.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use employment growth metrics to inform decisions on interest rates, stimulus measures, and other policies aimed at achieving full employment.
Q: Are there update delays or limitations?
A: This data is published monthly with a slight lag, typically 4-6 weeks after the end of the reference period. The seasonally adjusted figures may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM64FELUA657S), retrieved from FRED.