Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Sweden
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM64TTSEA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.89
Year-over-Year Change
945.74%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of the U.S. labor force, providing insight into the size and dynamics of the available workforce.
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, Annual, Not Seasonally Adjusted' metric tracks the annual percentage change in the total U.S. labor force. This metric is a key indicator of the health and expansion of the domestic labor market.
Methodology
The data is calculated based on monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers closely monitor this trend to gauge labor market conditions and inform economic and employment policies.
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 2010-2020.
- Labor force participation reached a low of 60.2% during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the total U.S. labor force, providing insight into the size and growth of the available workforce.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of the health and expansion of the domestic labor market, which is crucial for economic and employment policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to gauge labor market conditions and inform economic and employment policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM64TTSEA657N), retrieved from FRED.