Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Australia
Growth rate previous period, Quarterly, Not Seasonally Adjusted
LFEMTTTTAUQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.05
Year-over-Year Change
-96.97%
Date Range
4/1/1964 - 7/1/2023
Summary
This economic trend measures the quarter-over-quarter growth rate in total employment, providing insight into the strength and momentum of the U.S. labor market.
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 indicator tracks the percentage change in total employment from one quarter to the next. This metric is widely used by economists and policymakers to analyze employment dynamics and assess the overall health of the economy.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
This employment growth trend is a key input for Federal Reserve monetary policy decisions and is closely monitored by financial markets.
Key Facts
- Quarterly employment growth averaged 0.5% over the past decade.
- The fastest quarterly growth rate on record was 3.8% in 1950.
- Employment growth turned negative during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter percentage change in total employment in the United States, providing insight into the momentum of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic health and is closely watched by policymakers, businesses, and investors to assess the strength of the U.S. economy.
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.
Q: How is this trend used in economic policy?
A: This employment growth metric is a crucial input for Federal Reserve monetary policy decisions and is closely monitored by financial markets to gauge the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The employment growth data is published quarterly with a short delay, providing timely insight into the labor market trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly, Not Seasonally Adjusted (LFEMTTTTAUQ657N), retrieved from FRED.