Infra-Annual Labor Statistics: Employment Male: 15 Years or over for Slovak Republic
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEMTTMASKQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
-45.38%
Date Range
4/1/1994 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate of the civilian labor force in the United States. It is a key indicator of labor market dynamics and 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, not seasonally adjusted series tracks the percentage change in the size of the civilian labor force compared to the prior quarter. This provides insights into the expansion or contraction of the overall workforce, which is a critical factor for economists and policymakers analyzing the health of the labor market.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Analysts use this trend to assess the broader economic climate and inform policy decisions related to employment, workforce development, and macroeconomic management.
Key Facts
- The U.S. civilian labor force totaled over 164 million people in 2022.
- The labor force growth rate averaged 0.4% per quarter in 2021.
- The labor force participation rate was 62.2% as of December 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of the civilian labor force in the United States, providing insights into the expansion or contraction of the overall workforce.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a critical indicator of labor market dynamics and economic activity, informing analyses and policy decisions related to employment, workforce development, and macroeconomic management.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the broader economic climate and inform decisions related to employment, workforce development, and macroeconomic management.
Q: Are there update delays or limitations?
A: The labor force growth rate data is released on a quarterly basis, with a lag of approximately one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEMTTMASKQ657N), retrieved from FRED.