Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Austria
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEM64TTATQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.16
Year-over-Year Change
-73.22%
Date Range
4/1/1999 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of employment, providing insights into labor market dynamics and the overall strength of the economy.
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, quarterly, not seasonally adjusted metric tracks the percent change in employment levels compared to the prior quarter. This indicator offers a snapshot of the pace of job creation or loss, which is a key factor in gauging economic health and the trajectory of the business cycle.
Methodology
The data is calculated from the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts monitor this trend to assess the labor market's performance and its implications for monetary and fiscal policy decisions.
Key Facts
- The trend reached a peak of 2.1% in Q1 2021 as the economy rebounded from the COVID-19 pandemic.
- Quarterly employment growth has averaged 0.7% over the past 10 years.
- Negative growth rates indicate a contracting labor market and potential economic slowdown.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in employment levels, providing insights into the pace of job creation or loss in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of economic health and the trajectory of the business cycle, helping policymakers and analysts assess labor market performance and its implications for policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated from the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to gauge the strength of the labor market, which informs monetary and fiscal policy decisions aimed at promoting stable economic growth.
Q: Are there update delays or limitations?
A: The employment growth rate data is released on a quarterly basis, with a slight delay relative to the reference period, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEM64TTATQ657N), retrieved from FRED.