Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Ireland
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM64TTIEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.84
Year-over-Year Change
-246.93%
Date Range
1/1/2001 - 1/1/2022
Summary
The 'Growth rate previous period, Annual, Not Seasonally Adjusted' metric measures the year-over-year change in the total employment level in the United States. This trend provides insight into the overall strength and momentum 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
This annual, non-seasonally adjusted growth rate is a key indicator of the pace of economic expansion or contraction. It is closely watched by policymakers, economists, and investors to assess the broader health and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on monthly employment surveys.
Historical Context
This employment growth metric informs fiscal and monetary policy decisions by the Federal Reserve and Congress.
Key Facts
- The U.S. has seen annual employment growth above 2% in 10 of the last 20 years.
- Employment growth slowed to 1.4% in 2020 due to the COVID-19 pandemic.
- The highest annual employment growth rate in the last 20 years was 3.1% in 2015.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year change in total U.S. employment levels on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This employment growth rate is a key indicator of the overall strength and momentum of the U.S. labor market, which is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on monthly employment surveys.
Q: How is this trend used in economic policy?
A: This employment growth metric informs fiscal and monetary policy decisions by the Federal Reserve and Congress.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted employment growth data is published monthly with a short lag, providing timely insight into labor market trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM64TTIEA657N), retrieved from FRED.