Growth Rate Previous Period
LFEMTTFEG7A657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
53.70%
Date Range
1/1/1963 - 1/1/2016
Summary
The Growth Rate Previous Period measures the quarter-over-quarter change in total employment. It is a key indicator of the health and momentum 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
This metric tracks the percentage change in total nonfarm employment compared to the previous quarter. It provides insight into the pace of job creation and can signal underlying economic trends to policymakers and analysts.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on their monthly employment survey.
Historical Context
The growth rate is closely watched by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Quarterly, not seasonally adjusted
- Measured as percent change from previous quarter
- Reflects pace of job creation in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period measures the quarter-over-quarter percentage change in total nonfarm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the momentum and health of the U.S. labor market, which is a key driver of overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on their monthly survey of employers.
Q: How is this trend used in economic policy?
A: The growth rate is closely monitored by the Federal Reserve and other policymakers to inform decisions around interest rates, employment, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a brief lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for G7
G7LREM64FESTSAQ
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for G7
G7LFEM55MAGPQ
Infra-Annual Labor Statistics: Working-Age Population Male: From 55 to 64 Years for G7
G7LFWA55MASTSAQ
Balance of Payments: Portfolio Investment: Net (Assets Minus Liabilities) for G7
G7B6FAPI10CXCUQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for G7
G7CPALTT01GYM
Infra-Annual Labor Statistics: Employment Rate Female: From 25 to 54 Years for G7
G7LREM25FESTQ
Citation
U.S. Federal Reserve, Growth Rate Previous Period (LFEMTTFEG7A657N), retrieved from FRED.