Infra-Annual Labor Statistics: Employment Male: From 15 to 64 Years for Estonia
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM64MAEEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.88
Year-over-Year Change
-169.04%
Date Range
1/1/2001 - 1/1/2022
Summary
This economic indicator measures the year-over-year growth rate of employment in the U.S. economy. It provides insights into the pace of labor market expansion or contraction.
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 annual, not seasonally adjusted growth rate of employment is a key metric for evaluating the overall health and momentum of the U.S. job market. Economists and policymakers closely monitor this indicator to assess economic conditions and make informed decisions.
Methodology
The data is calculated based on surveys of nonfarm payrolls conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment growth trend is widely used to inform monetary and fiscal policy decisions.
Key Facts
- The growth rate reached a low of -5.8% in 2020 due to the COVID-19 pandemic.
- Employment growth has historically averaged around 1-2% per year.
- This indicator is released monthly as part of the Bureau of Labor Statistics' Employment Situation report.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of total nonfarm employment in the United States economy.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key barometer of the overall health and momentum of the U.S. labor market, which is crucial for assessing economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of nonfarm payrolls conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely monitored by the Federal Reserve and other policymakers to gauge the strength of the economy and guide decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly as part of the Bureau of Labor Statistics' Employment Situation report, with a typical one-month lag between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM64MAEEA657N), retrieved from FRED.