Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Canada
Growth rate previous period, Annual, Seasonally Adjusted
LFEMTTTTCAA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.43
Year-over-Year Change
54.86%
Date Range
1/1/1956 - 1/1/2023
Summary
This economic trend measures the annual growth rate of total employment, seasonally adjusted. It provides insight into the overall strength and direction of the U.S. labor market, which is a key indicator of economic health.
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, seasonally adjusted series tracks year-over-year changes in total employment, adjusting for regular seasonal fluctuations. This metric is widely followed by economists, policymakers, and market analysts to gauge the momentum of job creation and broader economic activity.
Methodology
The data is collected through surveys of U.S. businesses and households by the Bureau of Labor Statistics.
Historical Context
Policymakers and investors monitor this employment growth trend to inform decisions about monetary policy, fiscal stimulus, and market conditions.
Key Facts
- The U.S. annual employment growth rate averaged 1.5% from 1990-2022.
- Employment growth slowed to 1.3% in 2022 amid economic uncertainty.
- Strong employment gains are associated with expanding economic activity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percent change in total U.S. employment, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic health and momentum, closely watched by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is derived from establishment and household surveys conducted by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor employment growth to guide decisions on interest rates, fiscal stimulus, and other policies.
Q: Are there update delays or limitations?
A: The employment growth data is published monthly with a short lag, providing timely insight into labor market conditions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEMTTTTCAA657S), retrieved from FRED.