Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Australia
Growth rate previous period, Annual, Not Seasonally Adjusted
LFEMTTTTAUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.44
Year-over-Year Change
121.59%
Date Range
1/1/1965 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of the U.S. total labor force. It provides insight into the expansion or contraction of the national workforce.
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 total labor force growth rate tracks changes in the working-age population available for employment. It is a key indicator used by policymakers and analysts to assess the overall capacity and direction of the U.S. economy.
Methodology
This data is calculated by the U.S. Bureau of Labor Statistics from monthly household survey responses.
Historical Context
Monitoring labor force growth informs economic and employment policy decisions.
Key Facts
- The labor force includes all employed and unemployed individuals.
- Positive growth indicates an expanding workforce and potential for economic expansion.
- The annual data is not seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the total U.S. labor force, including both employed and unemployed individuals.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a key indicator of the economy's capacity for expansion and job creation.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics from monthly household survey responses.
Q: How is this trend used in economic policy?
A: Monitoring labor force growth informs economic and employment policy decisions by policymakers and analysts.
Q: Are there update delays or limitations?
A: The annual data is not seasonally adjusted, so it may not fully reflect short-term fluctuations.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Not Seasonally Adjusted (LFEMTTTTAUA657N), retrieved from FRED.