Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Hungary
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM74TTHUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.14
Year-over-Year Change
-122.39%
Date Range
4/1/1999 - 7/1/2023
Summary
This economic indicator measures the quarter-over-quarter growth rate of the civilian labor force, adjusted for seasonal variations. It provides insights into the pace of change in the available workforce, which is a key input for economic analysis and policy decisions.
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, seasonally adjusted metric tracks the percentage change in the civilian labor force from one quarter to the next. This data point is used by economists and policymakers to understand broader labor market dynamics and inform economic forecasting and policy responses.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Current Population Survey and adjusted for seasonal factors.
Historical Context
This metric is widely referenced by the Federal Reserve, government agencies, and private sector analysts to assess the health and trajectory of the U.S. labor market.
Key Facts
- The civilian labor force includes all non-institutional civilians 16 years and older who are either employed or actively seeking work.
- Positive growth indicates an expanding workforce, while negative growth signals a contracting labor pool.
- Seasonal adjustments help isolate underlying trends by accounting for predictable fluctuations like holiday hiring.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the quarter-over-quarter percentage change in the U.S. civilian labor force, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of labor market dynamics and overall economic health, informing policy decisions and economic forecasting.
Q: How is this data collected or calculated?
A: The data is gathered through the U.S. Bureau of Labor Statistics' Current Population Survey and adjusted for seasonal factors.
Q: How is this trend used in economic policy?
A: This metric is widely referenced by the Federal Reserve, government agencies, and private analysts to assess the state and trajectory of the U.S. labor market.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insights into labor force dynamics.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM74TTHUQ657S), retrieved from FRED.