Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Slovak Republic
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM64TTSKA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.51
Year-over-Year Change
-174.48%
Date Range
1/1/2000 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of employment in the United States. It provides insight into the pace of job creation and labor market dynamics.
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 percentage change in total employment compared to the same period a year earlier. It offers an unbiased perspective on employment trends without the distortion of seasonal factors.
Methodology
The data is calculated based on the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This metric is closely monitored by policymakers, economists, and investors to assess the overall health of the U.S. labor market.
Key Facts
- The current annual growth rate stands at X.X%.
- Employment growth has accelerated/decelerated in recent months.
- Robust/Sluggish employment growth signals a strengthening/weakening economy.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percentage change in total employment in the United States, providing insight into the pace of job creation.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of the overall health 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 based on the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor employment growth trends to assess the broader state of the economy and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The employment growth data is released on a monthly basis with a short lag, providing timely insight into labor market dynamics.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM64TTSKA657N), retrieved from FRED.