Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Russia
Growth rate previous period, Annual, Seasonally Adjusted
LFEMTTTTRUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.58
Year-over-Year Change
-167.60%
Date Range
1/1/2000 - 1/1/2021
Summary
This economic trend measures the annual growth rate of the labor force, which is a key indicator of the size and dynamics of the U.S. workforce.
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 labor force growth rate provides insights into the expansion or contraction of the working population, reflecting factors like demographics, workforce participation, and economic conditions.
Methodology
The data is calculated based on monthly household survey results from the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the potential for economic growth and guide workforce development initiatives.
Key Facts
- The U.S. labor force grew by 1.3% in 2022.
- Labor force participation remains below pre-pandemic levels.
- Demographic shifts are a key driver of long-term labor force growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percent change in the size of the U.S. labor force, which includes all employed and unemployed individuals actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force growth rate is a crucial indicator of the potential for economic expansion, as a growing workforce can support increased production and consumption.
Q: How is this data collected or calculated?
A: The data is derived from the Current Population Survey, a monthly household survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor labor force growth to assess the economy's capacity for sustainable expansion and to inform workforce development strategies.
Q: Are there update delays or limitations?
A: The labor force growth data is subject to periodic revisions and may not fully capture the immediate impacts of economic events or policy changes.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEMTTTTRUA657S), retrieved from FRED.