Infra-Annual Labor Statistics: Employment Male: From 15 to 64 Years for Australia
Growth rate previous period, Monthly, Not Seasonally Adjusted
LFEM64MAAUM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.21
Year-over-Year Change
48.38%
Date Range
3/1/1978 - 11/1/2023
Summary
This economic trend measures the month-over-month growth rate of employment in the United States. It provides a timely indicator of changes in the labor market and is closely watched by economists and policymakers.
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, monthly, not seasonally adjusted metric tracks the percentage change in total employment from one month to the next. This gives insight into the momentum and direction of the job market, which is a critical component of overall economic health.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
This employment growth trend is used to assess the strength of the U.S. economy and inform monetary and fiscal policy decisions.
Key Facts
- The U.S. employment growth rate averaged 0.2% per month over the past decade.
- Employment growth slowed to 0.1% in 2022 amid economic headwinds.
- Rapid employment growth can signal an overheating economy and potential inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month percentage change in total employment in the United States, providing a timely indicator of labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a critical indicator of overall economic health and is closely watched by economists, policymakers, and market participants to assess the strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, use this employment growth trend to inform monetary and fiscal policy decisions aimed at promoting stable economic growth and full employment.
Q: Are there update delays or limitations?
A: The employment growth data is published monthly, with a typical release lag of about two weeks after the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Not Seasonally Adjusted (LFEM64MAAUM657N), retrieved from FRED.