Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Austria
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM74TTATQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.46
Year-over-Year Change
-119.55%
Date Range
4/1/1999 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of employment, a key indicator of labor market conditions and overall economic health.
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 employment growth rate tracks the percentage change in the number of people employed from one quarter to the next. It provides timely insights into the strength and direction of the job market, which is a crucial component of economic performance and a focus for policymakers.
Methodology
The data is calculated from the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Historical Context
The employment growth rate is widely monitored by economists, businesses, and policymakers to assess the state of the economy and guide decision-making.
Key Facts
- The employment growth rate reached a low of -5.1% in Q2 2020 due to the COVID-19 pandemic.
- Positive growth in the employment rate signals an expanding economy and labor market.
- The employment growth rate is a leading economic indicator tracked by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in the number of people employed in the United States.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of labor market conditions and overall economic performance, making it essential for economists, policymakers, and businesses to monitor.
Q: How is this data collected or calculated?
A: The data is calculated from the U.S. Bureau of Labor Statistics' Current Employment Statistics survey.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely watched by the Federal Reserve and other policymakers to assess the state of the economy and guide decisions on monetary policy and other interventions.
Q: Are there update delays or limitations?
A: The employment growth rate data is released on a quarterly basis with a relatively short delay, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM74TTATQ657S), retrieved from FRED.