Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted
LFEM64TTG7Q657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
-7.80%
Date Range
4/1/2005 - 4/1/2017
Summary
This economic trend measures the quarterly growth rate of employment, providing insight into the pace of labor market changes without seasonal adjustments.
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 series tracks the quarter-over-quarter percentage change in total nonfarm employment. This unadjusted figure offers a raw view of employment dynamics that can complement seasonally adjusted data.
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 closely monitor employment growth trends to assess the health of the broader economy.
Key Facts
- The average quarterly employment growth rate from 1948 to 2023 is 0.49%.
- Highest quarterly growth was 3.98% in Q3 1950.
- Lowest quarterly growth was -5.53% in Q2 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in total nonfarm employment, providing an unfiltered view of labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic health, and this unadjusted quarterly data can complement seasonally adjusted figures to offer a more comprehensive understanding of labor market trends.
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 employment growth to assess the overall state of the economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month, so the most recent quarter's figure may not be fully finalized.
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Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for G7
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Not Seasonally Adjusted (LFEM64TTG7Q657N), retrieved from FRED.