Infra-Annual Labor Statistics: Employment Female: From 15 to 64 Years for Turkiye
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM64FETRQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
-79.37%
Date Range
1/1/2006 - 7/1/2023
Summary
This economic trend measures the seasonally adjusted quarterly growth rate of the U.S. labor force. It provides insights into the pace of changes in the overall labor supply, which is a crucial indicator for policymakers and economists.
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 represents the quarter-over-quarter percent change in the size of the U.S. civilian labor force, including both employed and unemployed individuals. This metric is used to analyze the dynamics of the domestic workforce and assess the potential for economic expansion or contraction.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force growth rate is closely monitored by the Federal Reserve and other economic policymakers to inform decisions on monetary policy and labor market interventions.
Key Facts
- The labor force grew by 0.7% in the previous quarter.
- The labor force participation rate is currently 62.3%.
- The U.S. economy added 390,000 jobs in May 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted, quarter-over-quarter percent change in the size of the U.S. civilian labor force, which includes both employed and unemployed individuals.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate provides important insights into the dynamics of the domestic workforce, which is a crucial indicator for policymakers and economists assessing the potential for economic expansion or contraction.
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: The labor force growth rate is closely monitored by the Federal Reserve and other economic policymakers to inform decisions on monetary policy and labor market interventions.
Q: Are there update delays or limitations?
A: The labor force growth rate data is reported on a quarterly basis, with a relatively short delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM64FETRQ657S), retrieved from FRED.