Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Switzerland
Growth rate previous period, Annual, Seasonally Adjusted
LFEM64TTCHA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.83
Year-over-Year Change
-164.42%
Date Range
1/1/2006 - 1/1/2022
Summary
This economic trend measures the annual growth rate of the labor force in the United States, adjusted for seasonal variations. It provides insights into the size and dynamics of the active workforce, which is a key indicator for policymakers and economists.
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 labor force growth rate tracks the year-over-year change in the total number of people employed or actively seeking employment in the U.S. Analyzing this statistic helps economists and policymakers understand the underlying strength and direction of the labor market.
Methodology
The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Historical Context
The labor force growth rate is used to assess the health of the overall economy and inform decisions related to monetary and fiscal policy.
Key Facts
- The U.S. labor force totaled over 164 million people in 2022.
- The annual growth rate of the labor force averaged 0.5% from 2017 to 2022.
- The labor force participation rate stood at 62.2% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the total number of people employed or actively seeking employment in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of the underlying strength and direction of the U.S. labor market, which is crucial for policymakers and economists to assess the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey administered by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The labor force growth rate is used by policymakers, central banks, and economists to inform decisions related to monetary and fiscal policy, as it provides insights into the size and dynamics of the active workforce.
Q: Are there update delays or limitations?
A: The labor force growth rate data is typically released on a monthly basis with a short delay, and is subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM64TTCHA657S), retrieved from FRED.