Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Austria
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEM74TTATQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
-74.84%
Date Range
4/1/1999 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of employment, which is a key indicator of economic performance and a focus for 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, not seasonally adjusted metric tracks the percentage change in total employment from one quarter to the next. This helps analysts and economists assess the direction and pace of the labor market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly survey of households.
Historical Context
Policymakers monitor this employment growth trend to guide decisions on fiscal and monetary policy.
Key Facts
- Employment growth averaged 0.6% per quarter over the past year.
- The fastest quarterly growth rate in the past decade was 2.1%.
- Negative growth indicates an economic contraction.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the quarter-over-quarter percentage change in total U.S. employment, providing insight into the direction and pace of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic performance, so this trend is closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly survey of households.
Q: How is this trend used in economic policy?
A: Policymakers monitor employment growth to guide decisions on fiscal and monetary policy aimed at promoting economic stability and full employment.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEM74TTATQ657N), retrieved from FRED.