Growth Rate Previous Period
LFEM64MAG7A657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
-2.83%
Date Range
1/1/2006 - 1/1/2016
Summary
The Growth Rate Previous Period trend measures the quarter-over-quarter annualized rate of change in employment for the prime-age population. This provides important insights into the health and direction of the U.S. 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
This Bureau of Labor Statistics indicator tracks the annualized percentage change in employment for workers aged 25 to 54, a key demographic representing the core of the workforce. Economists and policymakers closely monitor this metric to assess the strength and momentum of the job market.
Methodology
The data is calculated based on the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Growth Rate Previous Period is a leading indicator used to inform monetary and fiscal policy decisions.
Key Facts
- The prime-age employment growth rate averaged 1.4% annually from 2010-2019.
- Employment growth slowed sharply to -3.7% in Q2 2020 due to the COVID-19 pandemic.
- The employment growth rate has recovered to 4.9% as of Q4 2021.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period measures the annualized quarter-over-quarter percentage change in employment for workers aged 25 to 54.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and momentum of the U.S. labor market, which is a key driver of broader economic performance.
Q: How is this data collected or calculated?
A: The data is calculated based on the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Growth Rate Previous Period is a leading indicator used by policymakers and economists to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Labor Statistics with a short lag.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for G7
G7LFINTTMASTQ
Balance of Payments: Portfolio Investment: Net (Assets Minus Liabilities) for G7
G7B6FAPI10CXCUQ
Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for G7
G7CPGREN01GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for G7
G7CP010000GYM
Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for G7
G7LFEM25MAGPQ
Infra-Annual Labor Statistics: Working-Age Population Male: From 55 to 64 Years for G7
G7LFWA55MASTQ
Citation
U.S. Federal Reserve, Growth Rate Previous Period (LFEM64MAG7A657N), retrieved from FRED.