Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Slovak Republic
Growth rate previous period, Annual, Seasonally Adjusted
LFEMTTTTSKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.24
Year-over-Year Change
-352.68%
Date Range
1/1/1994 - 1/1/2023
Summary
This economic trend measures the annualized growth rate of employment, adjusted for seasonal variations. It provides a timely indicator of labor market dynamics and is closely watched by economists and policymakers.
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 statistic represents the year-over-year percent change in total employment, with seasonal fluctuations removed. This metric offers insights into the strength and direction of the U.S. labor market, a key component of overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of establishments.
Historical Context
This employment growth metric is widely used to assess the health of the economy and inform monetary and fiscal policy decisions.
Key Facts
- Employment growth averaged 1.7% annually from 2010-2019.
- The fastest employment growth rate in the past decade was 2.4% in 2014.
- Employment growth turned negative during the COVID-19 recession in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annualized percent change in total U.S. employment, adjusted for seasonal variations. It provides insights into the strength of the labor market.
Q: Why is this trend relevant for users or analysts?
A: Employment growth is a key indicator of economic health and a critical input for monetary and fiscal policy decisions by governments and central banks.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through monthly surveys of establishments and then seasonally adjusted.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor employment growth to assess the strength of the labor market and the overall economy, informing decisions around interest rates, government spending, and other policy tools.
Q: Are there update delays or limitations?
A: The employment growth data is released monthly with a short delay, providing timely insights into current economic conditions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEMTTTTSKA657S), retrieved from FRED.