Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Russia
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEM74TTRUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.42
Year-over-Year Change
-311.93%
Date Range
4/1/1999 - 10/1/2021
Summary
This economic indicator measures the quarter-over-quarter growth rate of total employment, adjusted for seasonal variations. It provides insights into the pace of labor market changes and is a key metric for economists and policymakers.
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 series tracks the percentage change in total employment from the prior quarter, after accounting for typical seasonal patterns. This measure offers a timely gauge of the employment situation and is widely followed to assess the health and trajectory of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on their monthly employment surveys.
Historical Context
This employment growth metric is closely monitored by the Federal Reserve, Congress, and private sector analysts to inform economic policy decisions and market forecasts.
Key Facts
- Employment grew 0.7% in the previous quarter.
- Quarterly employment growth averaged 0.5% over the past year.
- The labor force participation rate remains below pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarter-over-quarter percentage change in total U.S. employment, adjusted to remove typical seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key signal of the economy's direction and a critical input for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is compiled by the Bureau of Labor Statistics based on their monthly surveys of employers.
Q: How is this trend used in economic policy?
A: Measures of employment growth are closely watched by the Federal Reserve, Congress, and other institutions to guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The employment growth data is released quarterly with a lag of several weeks, and may be subject to revisions as additional survey responses are incorporated.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEM74TTRUQ657S), retrieved from FRED.