Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Turkiye
Growth rate previous period, Annual, Seasonally Adjusted
LFEMTTTTTRA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.87
Year-over-Year Change
-56.96%
Date Range
1/1/2000 - 1/1/2023
Summary
The growth rate previous period, Annual, Seasonally Adjusted measures the year-over-year change in total employment in the United States, providing insight into the pace of economic expansion or contraction.
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 economic indicator tracks the annual percent change in total nonfarm employment, including both private and government sectors. It is a key metric used by policymakers and analysts to assess the overall strength and trajectory of the U.S. labor market.
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 closely watched by the Federal Reserve and other institutions as it informs monetary policy decisions and economic outlook assessments.
Key Facts
- The current 12-month employment growth rate is XX.X%.
- Employment growth has averaged YY% over the past 5 years.
- The fastest annual employment growth rate on record was ZZ% in YEAR.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, Annual, Seasonally Adjusted measures the year-over-year percent 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 strength of the labor market and the pace of economic expansion or contraction, providing important context for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected through the Current Employment Statistics (CES) survey conducted monthly by the U.S. 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 as it informs monetary policy decisions and economic outlook assessments.
Q: Are there update delays or limitations?
A: The employment growth data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (LFEMTTTTTRA657S), retrieved from FRED.