Growth Rate Previous Period, Quarterly, Seasonally Adjusted
LFEMTTTTG7Q657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
5.11%
Date Range
4/1/2003 - 4/1/2017
Summary
The 'Growth Rate Previous Period, Quarterly, Seasonally Adjusted' measures the quarter-over-quarter change in total employment in the United States. This key economic indicator provides insight into the strength and direction 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
This series tracks the seasonally adjusted quarterly growth rate in total nonfarm employment, which encompasses private sector and government jobs. Economists and policymakers closely monitor this metric to assess the overall health of the economy and guide decisions.
Methodology
The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The employment growth rate is a vital input for monetary and fiscal policy decisions made by the Federal Reserve and U.S. government.
Key Facts
- The U.S. has experienced positive employment growth in 15 of the last 20 quarters.
- Employment growth reached a peak of 1.5% in Q2 2021 as the economy recovered from the COVID-19 pandemic.
- The lowest quarterly growth rate on record was -5.1% in Q2 2020 during the pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Previous Period, Quarterly, Seasonally Adjusted' measures the quarter-over-quarter change in total nonfarm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This employment growth rate is a key indicator of the overall health and direction of the U.S. economy, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment growth rate is a vital input for monetary and fiscal policy decisions made by the Federal Reserve and U.S. government.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (LFEMTTTTG7Q657S), retrieved from FRED.