Infra-Annual Labor Statistics: Employment Male: 15 Years or over for Austria
Growth rate previous period, Annual, Seasonally Adjusted
LFEMTTMAATA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.81
Year-over-Year Change
313.37%
Date Range
1/1/1970 - 1/1/2022
Summary
This economic indicator measures the year-over-year growth rate of employment in the U.S. on an annual basis, adjusted for seasonal variations. It provides valuable insights into the strength and direction of the 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, annual, seasonally adjusted statistic tracks changes in total non-farm employment levels compared to the prior year. It is a key measure of the health and momentum of the overall U.S. economy, with implications for monetary and fiscal policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of business establishments.
Historical Context
This employment growth trend is closely monitored by policymakers, economists, and market analysts to assess the state of the economy and make informed decisions.
Key Facts
- The U.S. employment growth rate averaged 1.5% annually from 2010-2019.
- Employment growth slowed to 0.1% in 2020 due to the COVID-19 pandemic.
- Robust employment growth is a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of total non-farm employment in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of the overall health and momentum of the U.S. economy, with implications for policy decisions and market conditions.
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 monthly surveys of business establishments.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this employment growth trend to assess the state of the economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag, providing timely but not real-time information on employment trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEMTTMAATA657S), retrieved from FRED.