Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Ireland
Growth rate previous period, Annual, Seasonally Adjusted
LFEMTTTTIEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.17
Year-over-Year Change
-316.12%
Date Range
1/1/1957 - 1/1/2023
Summary
The 'Growth rate previous period, Annual, Seasonally Adjusted' trend measures the year-over-year change in total employment in the United States. This key economic indicator provides insight into the strength and trajectory of the 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 annual, seasonally adjusted metric calculates the percentage change in total nonfarm employment compared to the same period in the prior year. It offers a high-level view of employment growth and is used by economists, policymakers, and market analysts to assess the health of the U.S. economy.
Methodology
The data is collected through surveys of U.S. businesses and households by the Bureau of Labor Statistics.
Historical Context
This employment growth rate is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. employment growth rate averaged 1.7% annually from 2010-2019.
- Employment growth slowed to 0.1% in 2020 due to the COVID-19 pandemic.
- Strong employment growth is considered a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in total nonfarm employment in the United States.
Q: Why is this trend relevant for users or analysts?
A: The employment growth rate is a key indicator of the strength and trajectory of the U.S. labor market, which is crucial for assessing the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and households by the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The employment growth rate is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The employment growth data is published monthly with a typical lag of one to two months.
Related Trends
Harmonized Index of Consumer Prices: Mineral Waters, Soft Drinks, Fruit and Vegetable Juices for Ireland
CP0122IEM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Ireland
IRLCP050000GYQ
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Ireland
IRLPREND401IXOBSAM
Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 74 Years for Ireland
LRUN74MAIEA156S
Gross Domestic Product Deflator for Ireland
NGDPDIXIRA
Stock Market Total Value Traded to GDP for Ireland
DDDM02IEA156NWDB
Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEMTTTTIEA657S), retrieved from FRED.