Infra-Annual Labor Statistics: Employment Male: 15 Years or over for Australia
Growth rate previous period, Quarterly, Seasonally Adjusted
LFEMTTMAAUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.92
Year-over-Year Change
-43.84%
Date Range
4/1/1965 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of employment, a key indicator of labor market conditions and overall economic activity.
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, and seasonally adjusted data series tracks the percent change in total non-farm employment from the prior quarter. It provides a timely and accurate measure of the pace of job creation, which is crucial for economic analysis and policymaking.
Methodology
The data is collected through the Current Employment Statistics (CES) survey of business establishments.
Historical Context
This metric is closely monitored by the Federal Reserve, government economists, and market analysts to gauge the strength of the U.S. economy.
Key Facts
- Employment growth rate averaged 0.9% per quarter in 2022.
- The highest quarterly growth rate on record was 5.3% in Q3 1983.
- Employment has recovered to pre-pandemic levels as of early 2023.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the quarter-over-quarter percent change in total non-farm employment, providing a real-time gauge of the pace of job creation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a crucial indicator of economic health and labor market conditions. This data series is closely watched by policymakers, economists, and investors to assess the strength of the economy.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Current Employment Statistics (CES) survey of business establishments.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers monitor employment growth closely to inform monetary and fiscal policy decisions that aim to promote maximum employment and price stability.
Q: Are there update delays or limitations?
A: The employment growth rate data is published monthly with a lag of approximately one month. While timely, there may be revisions to previous months' figures as more complete data becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Seasonally Adjusted (LFEMTTMAAUQ657S), retrieved from FRED.