Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Australia
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEM64TTAUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-99.33%
Date Range
7/1/1978 - 7/1/2023
Summary
This economic trend measures the quarterly, non-seasonally adjusted growth rate of employment. It is a key indicator of labor market conditions and economic performance.
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 represents the percent change in employment from the prior quarter. This metric provides insight into the pace and direction of labor market changes, which informs economic analysis and policy decisions.
Methodology
The data is calculated from the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the strength of the job market and broader economic activity.
Key Facts
- The series dates back to 1948.
- The growth rate averaged 0.4% per quarter from 1948 to 2022.
- Employment growth turned negative during economic recessions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, non-seasonally adjusted percent change in employment from the prior period.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of labor market conditions and overall economic performance, informing analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated from the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of the job market and broader economic activity.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and may be subject to revisions.
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Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Australia
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEM64TTAUQ657N), retrieved from FRED.