Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Denmark
Growth rate previous period, Annual, Seasonally Adjusted
LFEM74TTDKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.13
Year-over-Year Change
-246.45%
Date Range
1/1/2000 - 1/1/2022
Summary
This economic trend measures the annual growth rate of employment, adjusted for seasonal variations. It provides insights into the overall health and direction 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
The growth rate previous period, annual, seasonally adjusted metric tracks the year-over-year change in total employment, accounting for regular seasonal fluctuations. This key indicator helps economists and policymakers assess the broader employment trends and gauge the strength of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Historical Context
This employment growth trend is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The trend reached a low of -5.3% in April 2020 due to the COVID-19 pandemic.
- In 2022, the annual growth rate averaged around 3.5%.
- Employment growth is a key indicator of economic health and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in total U.S. employment, adjusted for regular seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a crucial indicator of the overall health and direction of the economy, providing insights into consumer demand, business activity, and the strength of the labor market.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of businesses and households.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this employment growth trend to inform decisions on monetary policy, economic stimulus, and other measures aimed at promoting full employment and stable economic growth.
Q: Are there update delays or limitations?
A: The employment growth data is published monthly with a typical delay of a few weeks. While the seasonally adjusted figures help account for regular fluctuations, there may be some limitations in capturing the impacts of unexpected events or structural changes in the labor market.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEM74TTDKA657S), retrieved from FRED.