Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted
LFEM64FEO1Q657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.19
Year-over-Year Change
-0.92%
Date Range
4/1/2005 - 4/1/2017
Summary
This economic trend measures the quarter-over-quarter growth rate of employment levels in the United States, providing insights into the strength and direction 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 metric tracks the percent change in employment levels compared to the prior quarter, offering a timely gauge of economic momentum. Economists and policymakers closely monitor this data to assess the health of the labor market and broader economy.
Methodology
The U.S. Bureau of Labor Statistics collects and calculates this data based on its monthly household surveys.
Historical Context
This trend is widely referenced by analysts, investors, and government agencies to inform economic forecasts and policy decisions.
Key Facts
- Employment grew 0.9% in Q3 2022 compared to the prior quarter.
- The growth rate has averaged 0.5% per quarter over the past 5 years.
- Quarterly employment growth exceeded 1% in 4 of the last 8 quarters.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percent change in U.S. employment levels, providing insight into the strength and direction of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a critical indicator of economic health, and this trend allows users to track the momentum of job creation over time.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on its monthly household employment surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this employment growth trend to inform economic forecasts, labor market assessments, and policy decisions.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis, with a short delay after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted (LFEM64FEO1Q657N), retrieved from FRED.