Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Australia
Quarterly, Seasonally Adjusted
LREM55TTAUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.92
Year-over-Year Change
-0.65%
Date Range
4/1/1978 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted' economic trend measures the U.S. employment rate, providing important insights into the health 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 quarterly, seasonally adjusted employment rate is a key economic indicator used by policymakers, analysts, and researchers to assess the strength and resilience of the U.S. workforce.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The employment rate is closely monitored for its implications on consumer spending, inflation, and monetary policy.
Key Facts
- The U.S. employment rate averaged 59.7% in 2022.
- Employment levels are a major factor in the Federal Reserve's monetary policy decisions.
- Seasonal adjustments help identify underlying labor market trends beyond temporary fluctuations.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Seasonally Adjusted' trend measures the percentage of the U.S. civilian non-institutional population that is employed.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a critical indicator of the overall health and strength of the U.S. labor market, with implications for economic growth, consumer spending, and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through the Current Population Survey.
Q: How is this trend used in economic policy?
A: The employment rate is closely monitored by the Federal Reserve and other policymakers as they evaluate the state of the economy and make decisions on interest rates and other monetary policy tools.
Q: Are there update delays or limitations?
A: The employment rate data is released on a quarterly basis, with a slight delay to allow for seasonal adjustments and data validation.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LREM55TTAUQ156S), retrieved from FRED.