Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Russia
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEM74TTRUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.61
Year-over-Year Change
-168.87%
Date Range
1/1/1993 - 1/1/2021
Summary
This economic trend measures the year-over-year growth rate of the civilian labor force in the United States. It provides insights into the expansion or contraction of the domestic workforce.
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, Not Seasonally Adjusted series tracks the annual percentage change in the total civilian labor force. This metric is a key indicator of the overall health and momentum of the U.S. labor market.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This labor force growth rate is closely monitored by policymakers, economists, and investors to assess economic conditions and guide policy decisions.
Key Facts
- The U.S. civilian labor force totaled over 164 million in 2022.
- Labor force growth averaged 1.1% annually from 2010-2020.
- The COVID-19 pandemic caused a temporary decline in the labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the total civilian labor force in the United States.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of the overall health and expansion of the U.S. workforce, which is crucial for assessing economic conditions and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this labor force growth rate to assess economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEM74TTRUA657N), retrieved from FRED.