Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Hungary
Growth rate previous period, Annual, Seasonally Adjusted
LFEMTTTTHUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
-14.42%
Date Range
1/1/1993 - 1/1/2023
Summary
This economic indicator measures the annual growth rate of employment, adjusted for seasonal variations. It provides insight into the overall 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, Annual, Seasonally Adjusted metric tracks the year-over-year percent change in total non-farm employment. This key indicator helps economists and policymakers assess the health and trajectory of the broader economy.
Methodology
The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies.
Historical Context
This employment growth trend is widely followed by analysts to gauge the direction of the economy and inform monetary and fiscal policy decisions.
Key Facts
- The U.S. employment growth rate averaged 1.3% annually from 2010-2019.
- Employment growth slowed to 0.1% in 2020 due to the COVID-19 pandemic.
- Strong employment growth is seen as a signal of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percent change in total non-farm employment in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key signal of the overall strength and direction of the U.S. economy, and is closely watched by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey, a monthly survey of businesses and government agencies conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment growth rate informs monetary and fiscal policy decisions, as strong and sustained employment growth is seen as a sign of a healthy, expanding economy.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly with a typical 1-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEMTTTTHUA657S), retrieved from FRED.