Growth Rate Previous Period, Annual, Not Seasonally Adjusted
LFEMTTMAO1A657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.48
Year-over-Year Change
-2.44%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic indicator measures the year-over-year growth rate of the U.S. labor force, providing insights into employment trends and labor market dynamics.
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 metric tracks the percentage change in the U.S. labor force compared to the same period the previous year. It is a key indicator of the overall health and direction of the labor market.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on household surveys.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the broader state of the economy.
Key Facts
- The U.S. labor force comprises all civilians 16 years and older who are either employed or actively seeking work.
- The growth rate of the labor force is a key indicator of the economy's ability to create new jobs and absorb workers.
- Sustained labor force growth is generally associated with a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percentage change in the size of the U.S. labor force, providing insights into employment trends and the overall health of the labor market.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of the labor force is a critical metric for assessing the economy's ability to create new jobs and absorb workers, making it highly relevant for policymakers, economists, and market analysts.
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 household surveys.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this indicator to gauge the overall state of the labor market and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics, with a typical delay of a few weeks. There may be limitations due to survey sampling and methodology.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (LFEMTTMAO1A657S), retrieved from FRED.