Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Australia
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM64TTAUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.52
Year-over-Year Change
148.54%
Date Range
1/1/1980 - 1/1/2022
Summary
This annual, not seasonally adjusted economic indicator measures the year-over-year growth rate of the employed civilian labor force. It is a key metric for assessing the strength 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
The growth rate previous period, annual, not seasonally adjusted series tracks the percentage change in the size of the employed civilian labor force compared to the same period a year earlier. This provides insight into the expansion or contraction of employment levels over time.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey.
Historical Context
This metric is widely used by economists, policymakers, and analysts to evaluate the overall health and momentum of the U.S. economy.
Key Facts
- The growth rate reached a low of -3.7% in 2020 due to the COVID-19 pandemic.
- Long-term average annual growth rate is around 1.2%.
- The indicator has shown positive year-over-year growth since mid-2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percentage change in the size of the employed civilian labor force in the United States.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key metric for assessing the overall health and momentum of the U.S. economy, as it provides insight into hiring and labor market conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly Current Population Survey.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and analysts closely monitor this indicator to evaluate the strength of the labor market and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month.
Related Trends
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Australia
AUSCP040500GPQ
Production: Industry: Total Industry Excluding Construction for Australia
PRINTO01AUQ659S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Australia
LRHU24TTAUM156S
Net Issues of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Australia
IDSAMRINIAU
Share Prices: All Shares/Broad: Total for Australia
SPASTT01AUM657N
Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Australia
LFEASETTAUQ647S
Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM64TTAUA657N), retrieved from FRED.