Growth Rate Previous Period, Quarterly, Seasonally Adjusted
LFEMTTMAO1Q657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
-9.12%
Date Range
4/1/2005 - 4/1/2017
Summary
The Growth Rate Previous Period, Quarterly, Seasonally Adjusted trend measures the percentage change in the employment level from the previous quarter, taking into account seasonal variations. This metric provides insight into the pace of 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
This quarterly, seasonally adjusted growth rate series tracks changes in total employment levels in the United States. It is a key indicator used by economists and policymakers to assess the strength and direction of the labor market over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics from the Current Employment Statistics survey.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The growth rate peaked at 4.9% in Q3 2020 as the economy rebounded from the COVID-19 pandemic.
- The rate declined to 1.0% in Q2 2022 as the labor market recovery moderated.
- This metric is a leading indicator of broader economic trends and a key input for the Federal Reserve's policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Quarterly, Seasonally Adjusted trend measures the percentage change in total employment levels from the previous quarter, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the strength and direction of the U.S. labor market, which is a crucial driver of overall economic performance. It is closely monitored by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through the Current Employment Statistics survey and calculated as the seasonally adjusted quarterly percent change in total employment.
Q: How is this trend used in economic policy?
A: The employment growth rate is a key input for the Federal Reserve's monetary policy decisions, as it helps assess the overall health of the labor market and the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately one month after the end of the quarter. There may be minor revisions to the historical data over time as more complete information becomes available.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for OECD
OECDLFIN64TTSTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: 15 Years or over for OECD
OECDLFINTTFESTQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for OECD
OECDLRHUTTMASTSAM
Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for OECD
OECDLFEM24FEGPQ
Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for OECD
OECDLFEACNTTSTSAQ
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for OECD - Total
OECDLORSGPRTSTSAM
Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (LFEMTTMAO1Q657S), retrieved from FRED.