Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Spain
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM64TTESQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.92
Year-over-Year Change
-8.03%
Date Range
4/1/1999 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of U.S. employment, adjusted for seasonal variations. It provides insight into the pace of labor market changes and is a key indicator used by economists and policymakers.
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, seasonally adjusted series tracks the quarterly percent change in total U.S. employment. This metric is widely followed as it reflects the underlying momentum and direction of the labor market, which is a crucial driver of broader economic activity.
Methodology
The data is collected through the Bureau of Labor Statistics' monthly household survey and calculated as the percent change from the prior quarter.
Historical Context
This employment growth metric is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal decisions.
Key Facts
- U.S. employment grew 0.4% in Q3 2022.
- The growth rate averaged 0.6% over the past year.
- Employment growth slowed from a peak of 1.1% in Q2 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percent change in total U.S. employment, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a crucial indicator of labor market health and a key input for economic forecasting and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' monthly household survey and calculated as the percent change from the prior quarter.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this employment growth metric to inform monetary and fiscal decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a slight delay as it is derived from the monthly household survey.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM64TTESQ657S), retrieved from FRED.