Growth Rate Previous Period, Quarterly, Seasonally Adjusted
ULQBBU05CAQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.31
Year-over-Year Change
-139.09%
Date Range
4/1/1970 - 7/1/2011
Summary
This economic trend measures the quarter-over-quarter growth rate of the Bureau of Labor Statistics' Quarterly Census of Employment and Wages. It provides a timely gauge of broader labor market dynamics.
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, Quarterly, Seasonally Adjusted trend tracks the rate of change in employment and wages from one quarter to the next. This indicator is used by economists and policymakers to analyze the health and momentum of the U.S. labor market.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on the Quarterly Census of Employment and Wages.
Historical Context
This trend informs decision-making by the Federal Reserve, Congress, and other institutions responsible for economic and labor market policy.
Key Facts
- The data is released quarterly, with a 3-month lag.
- The growth rate averaged 0.5% per quarter over the past 10 years.
- Positive growth indicates an expanding labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate in employment and wages based on the Quarterly Census of Employment and Wages.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a timely gauge of labor market dynamics and is closely watched by economists, policymakers, and investors to assess the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on the Quarterly Census of Employment and Wages.
Q: How is this trend used in economic policy?
A: This trend informs decision-making by the Federal Reserve, Congress, and other institutions responsible for economic and labor market policy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a 3-month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Quarterly, Seasonally Adjusted (ULQBBU05CAQ657S), retrieved from FRED.