Infra-Annual Labor Statistics: Employment Male: From 15 to 64 Years for Hungary
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM64MAHUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
-136.90%
Date Range
1/1/2000 - 1/1/2022
Summary
This annual, not seasonally adjusted trend measures the growth rate of the labor force in the United States. It provides insights into the expansion or contraction of the domestic workforce, which is a key indicator of economic activity and potential.
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 year-over-year changes in the total U.S. labor force, including both employed and unemployed individuals actively seeking work. It offers economists and policymakers a high-level perspective on the underlying dynamics of the national labor market.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This labor force growth trend is widely followed by analysts to assess the health and trajectory of the broader economy.
Key Facts
- The U.S. labor force totaled over 164 million people as of 2022.
- Labor force growth averaged 0.5% annually over the past decade.
- Robust labor force expansion is a sign of economic dynamism and opportunity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the total U.S. labor force, including both employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate provides valuable insights into the underlying strength and trajectory of the domestic economy, as a growing and expanding workforce is a key indicator of economic vitality.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor labor force growth to assess the health of the job market, guide employment and fiscal policies, and understand the economy's productive capacity.
Q: Are there update delays or limitations?
A: The labor force growth data is published monthly with a relatively short lag, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM64MAHUA657N), retrieved from FRED.