Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Japan
Growth rate previous period, Monthly, Seasonally Adjusted
LFEM74TTJPM657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
-269.93%
Date Range
2/1/1978 - 11/1/2023
Summary
This economic indicator measures the month-over-month growth rate of employment levels, adjusted for seasonal variations. It provides a timely signal on the strength 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, monthly, seasonally adjusted metric tracks the percentage change in total nonfarm employment from the prior month. This measure offers a concise snapshot of the pace of job creation and is closely watched by economists and policymakers.
Methodology
The data is calculated based on the U.S. Bureau of Labor Statistics' monthly employment situation report.
Historical Context
This employment growth metric informs economic analysis and Federal Reserve monetary policy decisions.
Key Facts
- Employment growth averaged 0.2% per month in 2022.
- The fastest monthly job growth on record was 1.1% in May 2020.
- Employment levels remain below pre-pandemic highs.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the month-over-month percentage change in total nonfarm employment, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate provides a timely signal on the strength of the U.S. labor market, which is a key driver of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated based on the U.S. Bureau of Labor Statistics' monthly employment situation report.
Q: How is this trend used in economic policy?
A: This employment growth metric informs economic analysis and Federal Reserve monetary policy decisions.
Q: Are there update delays or limitations?
A: The employment data is published monthly with a short lag, providing a current snapshot of labor market dynamics.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (LFEM74TTJPM657S), retrieved from FRED.